Jeff Bezos' fortune grows amid coronavirus pandemic 1:13
(CNN) - Amazon CEO Jeff Bezos, who is already the world's richest man, now has even more to celebrate. The company's shares hit the $ 3,000 mark for the first time on Monday, as the value of tech companies continues to rise on the stock market.
Amazon is now worth more than $ 1.5 trillion, joining Apple and Microsoft that are also above that level. This has helped push Nasdaq to a record high above 10,000 points. Alphabet, owned by Google, also broke the $ 1 trillion mark on Monday.
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These four tech giants, along with Facebook, are now collectively worth more than $ 6.4 trillion.
Tech company stocks have led the surprising market rebound from their March lows on expectations of strong sales and earnings growth, despite the fact that the U.S. economy is now in a recession. induced by the coronavirus pandemic.
Shares of Netflix, Tesla, Square, PayPal, Nvidia and Adobe reached record levels on Monday.
Netflix to deposit $ 100 million in black-owned banks 1:09So did Zoom Video, Peloton, Lowe's, Clorox, and Teladoc, companies that have benefited greatly from the reality of teleworking and quarantine.
AmazonAppleGoogleJeff BezosMicrosoftNasdaq
