Amazon CEO Jeff Bezos, already the world's richest man, has even more to celebrate. Amazon shares topped the $3,000 mark for the first time ever Monday as tech stocks continued to soar.
Amazon (AMZN) is now worth more than $1.5 trillion, joining Apple (AAPL) and Microsoft (MSFT)above that lofty level. This has helped push the Nasdaq to an all-time high above 10,000. Google owner Alphabet (GOOGL) topped the $1 trillion mark Monday, too.
These four tech giants, along with Facebook (FB), are now collectively worth more than $6.4 trillion.
Tech stocks have led the market's stunning rebound from its March lows on expectations of strong sales and earnings growth — despite the fact that the US economy is now in a pandemic-induced recession.
Shares of Netflix (NFLX), Tesla (TSLA), Square (SQ), PayPal (PYPL), Nvidia (NVDA) and Adobe(ADBE) all hit record highs Monday.
So did Zoom Video (ZM), Peloton (PTON), Lowe's (LOW), Clorox (CLX) and Teladoc (TDOC) — companies that have benefited greatly from the shift to a work-from-home and shelter-in-place reality.
See all the news
Update on Shuakhevi HPP
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Gurian Tea "Gamarjoba" will Appear on the Market from September
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
www.stopcov.ge is accessible in minority languages
How will Nenskra HPP Reduce the Electricity Import?
Wizz Air suspends all flights from Georgia to Europe except Budapest
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Iranian MP infected with coronavirus dies
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
EBRD reviewed the concept of Tbilisi Metro Project