Tech heavies add US$291.6b in market value in a dayShares of Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook and Netflix popped Monday, adding US$291.66 billion in combined market valuation, CNBC reports. Amazon stock added 7.93 percent after a Goldman Sachs analyst hiked his price target to US$3,800 per share, which ties it for the highest target on Wall Street. The company added US$116.92 billion in market valuation Monday, bringing Amazon’s market capitalization to US$1.59 trillion. Apple, which closed up by 2.11 percent, addedUS $35.53 billion.Alphabet, up by 3.1 percent, added US$32.08 billion Facebook. added $9.67 billion after closing up 1.40%, while Netflix, up 1.91 percent, added US$4.28 billion in valuation.

Source: The Standard July 21, 2020 03:22 UTC