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Amazon passes Exxon to become 4th most valuable company in the U.S.

Amazon.com Inc. muscled past Exxon Mobil Corp. Monday to become the fourth-largest U.S. company by market capitalization. Exxon Mobil also fell behind Facebook Inc. into sixth place, to make it an all-technology top five.

Amazon AMZN, +1.18% has now climbed three spots from seventh place in the two sessions since the e-commerce giant reported second-quarter results, passing Warren Buffett’s Berkshire Hathaway Inc. BRK.B, -0.24% and Facebook Inc. FB, +0.30% on Friday.

Amazon’s stock ran up 1.2% to a record close, lifting its market cap to $364.0 billion, while Facebook shares gained 0.3% to take its market cap to $356.9 billion.

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