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Nov 07, 2024
Amazon.com Inc. shares hit an intraday record on Wednesday, in the latest example of how big tech remains a favored part of the market for investors.
Shares of the e-commerce and cloud-computing company rose 1% to $201.45, taking out a peak that has stood since July. Shares have risen 25% off an August low, and are up 32% this year, outpacing the 23% gain of the Nasdaq 100 Index. Equities were broadly higher in the wake of the U.S. election.