Amazon becomes second most valuable US firm

WASHINGTON: Amazon.com became the second most valuable publicly listed US company, surpassing Google parent Alphabet for the first time. Amazon shares finished up 2.69 per cent at $1,586.51, for a market cap of $768 billion, underscoring Wall Street's confidence in its expansion into cloud computing, groceries and other new businesses. Alphabet lost 0.39 per cent, trimming its market value to $762 billion.