Amazon stock market value on verge of eclipsing Microsoft

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Amazon stock market value on verge of eclipsing Microsoft,
(Reuters) - Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results.

Amazon’s stock was up 3.7 percent at $1,441 per share in afternoon trade, on track for a record high close and putting its market capitalization at $701 billion. The stock traded as high as $1,498.

Microsoft fell 2.2 percent to $92.97, trimming its market capitalization to about $711 billion.



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Amazon stock market value on verge of eclipsing Microsoft