Amazon stock hit an all-time high Monday, topping $3,000 for the first time. At that price, it joins Apple and Microsoft in being valued at more than $1.5 trillion.
Amazon is now worth more than $1.5 trillion, joining Apple and Microsoft above that lofty level. This has helped push the Nasdaq to an all-time high above 10,000. Google owner Alphabet topped the $1 trillion mark Monday, too. These four tech giants, along with Facebook , 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 , Tesla , Square , PayPal , Nvidia and Adobe all hit record highs Monday. Read MoreSo did Zoom Video , Peloton , Lowe's , Clorox and Teladoc — companies that have benefited greatly from the shift to a work-from-home and shelter-in-place reality.
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