Shares of Amazon.com Inc. slipped 0.3% in morning trade Wednesday, but with Google parent Alphabet Inc.’s stock underperforming with a 0.6% decline, Alphabet’s market-capitalization lead over third-place Amazon has been cut to just $18.5 billion, $760.7 billion to $742.2 billion. At the end of 2017, Amazon’s $566.2 billion market-cap was about $165.6 billion behind second-place Alphabet’s at $731.8 billion. Amazon’s stock has soared 31.1% year to date while Alphabet’s has gained 3.9%, compared with a 7.4% rise in the tech-heavy Nasdaq 100 this year and a 0.2% decline in the Dow Jones Industrial Average . Amazon has widened its lead over fourth-place Microsoft Corp. , which is worth $715.2 billion, but is still way behind first-place Apple Inc. , which is at $887.9 billion.
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