Amazon.com Inc. muscled past Exxon Mobil Corp. Monday to become the fourth-largest U.S. company by market capitalization. Exxon Mobil also fell behind Facebook Inc. into sixth place, to make it an all-technology top five.
Amazon (AMZN, -0.12%) has now climbed three spots from seventh place in the two sessions since the e-commerce giant reported second-quarter results, passing Warren Buffett’s Berkshire Hathaway Inc. (BRK.B, -0.24%) and Facebook Inc. (FB, -0.05%) on Friday.
Amazon’s stock ran up 1.2% to a record close, lifting its market cap to $364.0 billion, while Facebook shares gained 0.3% to take its market cap to $356.9 billion. At the same time, Exxon Mobil shares slumped 3.5%, on the back of a tumble in oil prices, to knock its market cap down to $356.0 billion. Facebook reported better-than-expected results last week, while Exxon Mobil’s results on Friday missed expectations.
Apple Inc.’s stock (AAPL, +0.04%) surged 1.8% to turn positive on the year, and to keep its lead as the most valuable company with a $571.4 billion market cap. Alphabet Inc. shares (GOOGL, +1.21%) climbed 1.2% to stay within range at $549.5 billion. Microsoft Corp. (MSFT, -0.18%) was a distant third at $440.9 billion.
In seventh place was Berkshire Hathaway at $355.0 billion.
Of the top five, only Apple and Microsoft are members of the blue-chip bellwether Dow Jones Industrial Average (DJIA, -0.15%) Exxon Mobil is also a Dow component.
By: Tomi Kilgore (MarketWatch).
Photo: WSJ.
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