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Amazon replaces Microsoft as most valuable publicly traded company in U.S.

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Amazon (PA)

Amazon (PA)

Amazon (PA)

Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle corporate America's pecking order.

The shift occurred on Monday after Amazon's shares rose 3% to close at 1,629.51 dollars and lifted the e-commerce leader's market value to 797 billion dollars (€694.55 billion).

Microsoft's stock edged up by less than 1% to finish at 102.06 dollars, leaving the computer software maker's value at 784 billion dollars (£683.22 billion).

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