From Dow Jones & Company, Inc.:

Amazon’s stock closed at $174.45, its highest in over two years, with a market cap of $1.81 trillion, surpassing Alphabet Inc. and briefly holding the third most valuable U.S. company spot. UBS analyst Stephen Ju noted that “overhangs” keeping down Amazon shares have largely dissipated, anticipating strong growth. In the latest quarter, Amazon’s earnings per share grew to $1, contributing to the S&P 500 consumer discretionary sector’s anticipated 33% growth in EPS for the fourth quarter. Without Amazon, the sector would see a decline of about 1%. Wall Street had a mixed reaction to big tech earnings, but Amazon’s results were well received.



Read more: Amazon’s stock just racked up its highest close in more than two years