Amazon’s $191 Billion Jump Sets Record for Market Value Gain
- The stock’s 14% gain leads to biggest daily U.S. value surge
- Rally follows Meta’s plunge that dragged down tech sector
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Amazon.com Inc. gave the market back what Meta Platforms Inc. took away -- or at least a big chunk of it.
The e-commerce giant’s shares surged 14% on Friday, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history, coming just a day after Facebook parent Meta Platforms entered the other end of the record book with a $251 billion wipeout.