Amazon became the second big US company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights.
The online retail giant breached the $1 trillion valuation near 1540 GMT when it's share price hit $2,050.50. The Amazon landmark comes about a month after Apple hit the $1 trillion level.
Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71.
US Judge Brett Kavanaugh Facing Supreme Court Confirmation Hearing
U.S. Supreme Court nominee Brett Kavanaugh goes before the Senate Judiciary Committee on Tuesday as it begins confirmation hearings that President Donald Trump hopes will lead to a solid conservative majority on the nation's highest court.
On Wednesday, Kavanaugh is due to face direct questioning on a range of issues, including his stance on abortion, gay rights and presidential power.
In advance text of his opening remarks released by the White House, Kavanaugh says, " A good judge must be an umpire—a neutral and impartial arbiter who favors no litigant or policy."
The White House is hoping the full Senate will confirm the 53-year-old Kavanaugh to the nine-member court in September, in time for him to fill the vacancy left by the retirement of Justice Anthony Kennedy when the court opens a new term on October 1.
However, Democrats have vowed to fight Kavanaugh’s nomination from the start, fearing his lifetime appointment could ensure a strongly conservative court for a generation.