By Supantha Mukherjee & Noel Randewich(Reuters) – Amazon.com Inc’s shares surged on Friday, pushing its stock market price above $700 bn & threatening to occultation MSFT Corp, a day after the on-line retailing behemoth announced blockbuster results.
Microsoft fell 2.2 % to $92.97, trimming its market capitalization to about $711 billion.
Its stock fell 3.7 % to $161.57.
At which price, Amazon would be worth about $850 billion.
But MSFT has failed to save up by Amazon shares, which have surged 73 % in the past twelve months.
Why the stock market had its biggest down of the donald Donald trump presidency
The unemployment average remembered unchanged for the 4th consecutive 30 days at 4.1 percent.
| Joe Raedle/Getty Images causes of the stock market had its biggest down of the donald Donald trump presidencyThe stock market took its steepest fall of Donald Trump’s presidency Friday amid fears which the economy Information Systems overheating & his fresh Fed spare chief going to face Stress to increase interest rates.
But also much perfect break news probably lead to bad break news for 1 of his favorite barometers of his presidency — the stock market.
The unemployment average was unchanged for the 4th consecutive 30 days at 4.1 percent.
The labor force involvement average remembered at 62.7 % for the 4th consecutive month, the lowest standard ever the 1970s.
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collected by :Dicson Walt