Shares of Amazon.com Inc. (AMZN) showed a remarkable performance on Friday, as the stock surged by 3.09% to reach $132.21. This positive momentum was part of a great trading day for the overall stock market, with the S&P 500 Index (SPX) rising by 0.99% to 4,582.23 and the Dow Jones Industrial Average (DJIA) increasing by 0.50% to 35,459.29.

This marked the second consecutive day of gains for Amazon’s stock, indicating its strong upward trajectory.

Currently, Amazon.com’s share price falls short of its 52-week high ($146.57), which it achieved on August 16th, by only $14.36.

In comparison to its competitors, Amazon.com outperformed other tech giants on Friday. Apple Inc. (AAPL) recorded a 1.35% increase, reaching $195.83. Similarly, Microsoft Corp. (MSFT) showcased a significant rise of 2.31% to $338.37. Additionally, Alphabet Inc. Cl C (GOOG) saw a notable increase of 2.42% to $133.01.

Despite the positive results, the trading volume for Amazon.com’s stock was slightly below average, with 45.2 million shares traded compared to the 50-day average volume of 59.6 million shares.

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