AMAZON BRIEFLY HITS $1 TN MARKET CAP

Amazon briefly joined Apple in the trillion-dollar valuation club when the company’s shares rose nearly 2 per cent to reach $2,050.50 in morning trading on September 4. Analysts cite the e-commerce giant’s diverse portfolio, which now includes Whole Foods and PillPack, as its value driver, reports CNBC. Amazon crossed the mark five weeks after Apple reached $1 trillion in early August after posting a strong quarterly report.