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Amazon is about to become America's second $1 trillion company
America's count of trillion dollar companies is up to two.
Amazon's (AMZN) total value neared $1 trillion on Tuesday, following Apple's ascent into 13-digit territory at the beginning of August. Amazon and Apple now make up more than 8% of the entire value of the S&P 500, according to Howard Silverblatt, senior index analyst for S&P.
A trillion dollars may be an arbitrary threshold, but it's still a remarkable statement of how quickly the 24-year-old company has grown, and the boundless confidence investors have in its future.
CNNMoney (New York) First published September 4, 2018: 10:20 AM ET
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