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SAN FRANCISCO (Reuters) – Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc. Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion pure silver cufflinks uk online. At the same time, Apple traded up 2.1 percent, giving it a market capitalization of $864.8 billion. Microsoft, which on Friday closed above Apple’s market capitalization for the first time in eight years, was up 0.9 percent, leaving its stock market value at $859.0 billion, third in the group..
Amazon’s lead lasted only a few seconds pure silver cufflinks uk online. At the close, Apple was back on top with a 3.49 percent increase in its stock that put its total value at $877 billion. It was followed by Amazon, up 4.86 percent with a market capitalization of $866.6 billion, and then Microsoft, up 1.08 percent and a stock market value of $860.4 billion. The tight race between the trio of high-powered technology stocks coincided with a broad stock market rally after the United States and China agreed on a temporary truce in their ongoing trade dispute..
Apple in August became the first U.S. publicly listed company to reach a $1 trillion market capitalization, but its share price has fallen sharply in recent months as investors worried that demand for iPhones was losing steam pure silver cufflinks uk online. Its market capitalization overtook Microsoft’s in 2010 as Microsoft struggled with slow demand for personal computers, due in part to the explosion of smartphones like the iPhone. Amazon’s stock has recovered most of the ground it lost after the online retailer in October forecast disappointing sales for the holiday quarter..
(Reuters) – Wall Street’s major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year. The benchmark S&P 500 .SPX climbed more than 1 percent, building off of its biggest weekly percentage gain in nearly seven years a week ago. Investors were lifted by news over the weekend that U.S. President Donald Trump and Chinese President Xi Jinping agreed during talks in Argentina to hold off on new tariffs for 90 days, declaring a truce following months of escalating tensions on trade and other issues pure silver cufflinks uk online.
“Today is mostly about celebrating the fact that the U.S pure silver cufflinks uk online. and China have delayed what could have been some of the worst-case scenarios regarding their trade relations,” said Michael Arone, chief investment strategist at State Street Global Advisors. Still, major indexes closed below their highs from earlier in the session. Arone noted that “there are still some very sticky issues that need to be resolved” between the world’s two biggest economies. Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta, called it a “bit of a relief rally.”..