Amazon says small and medium-size businesses exceeded $1 bln in sales on Prime Day

Amazon’s stock gains premarket, positions for longest win streak in 5 years

Shares of Amazon.com Inc. edged up 0.1% in premarket trade Wednesday, which puts them in position for a 10th-straight gain, in the aftermath of a successful Prime Day sales event, despite early technical troubles. A 10-day win streak would be the longest since the 10-day stretch ending July 12, 2013. In between, there were three nine-day win streaks, two earlier this year and the other in 2014. During the current streak, which included five-straight record closes, the stock had run up $149.97, or 8.9%, over the past nine sessions, to add about $72.8 billion to the e-commerce giant’s market capitalization. Amazon’s market cap at Tuesday’s close was $894.7 billion, to rank second in the U.S. behind Apple Inc.’s $941.0 billion. Amazon shares have shot up 57% year to date through Tuesday, while Apple’s stock has climbed 13% and the S&P 500 has gained 5.1%.

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