Jeff Bezos, founder of Amazon
Katherine Taylor | Reuters
Shares of Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook and Netflix appeared on Monday, adding $ 291.66 billion in combined market valuation.
Technology stocks have been among the best-performing during the Covid-19 pandemic, with many reaching record highs in recent weeks despite a wide economic downturn worldwide.
Amazon shares rose 7.93% after an analyst at Goldman Sachs raised its price target to $ 3,800 per share, linking it to the highest target on Wall Street. The company added $ 116.92 billion in market valuation on Monday, bringing Amazon’s market capitalization to $ 1.59 trillion.
Tesla shares also rose 9.47% as investors prepare for the company’s earnings in June later this Wednesday, adding $ 26.36 billion. to your market capitalization.
Microsoft, which closed 4.3% higher, added $ 66.82 billion to its market capitalization. Apple, which closed 2.11%, added $ 35.53 billion. Alphabet, a 3.1% increase, added $ 32.08 billion. Facebook added $ 9.67 billion after closing 1.40%, while Netflix, 1.91%, added $ 4.28 billion in valuation.
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