New York(CNN Business) Amazon CEO Jeff Bezos, already the world's richest man, has even more to celebrate. Amazon shares topped the $3,000 mark for the first time ever Monday as tech stocks continued to soar.
Amazon ( is now worth more than $1.5 trillion, joining )Apple ( and )Microsoft ( above that ) lofty level. This has helped push the Nasdaq to an all-time high above 10,000. Google owner Alphabet ( topped the $1 trillion mark Monday, too. )
These four tech giants, along with Facebook (, are now collectively worth more than $6.4 trillion. )
Tech stocks have led the market's stunning rebound from its March lows on expectations of strong sales and earnings growth — despite the fact that the US economy is now in a pandemic-induced recession.
Shares of Netflix (, )Tesla (, )Square (, )PayPal (, )Nvidia ( and )Adobe ( all hit record highs Monday. )
So did Zoom Video (, )Peloton (, )Lowe's (, )Clorox ( and )Teladoc ( — companies that )have benefited greatly from the shift to a work-from-home and shelter-in-place reality.