Amazon stock just surged past $700 to set a new all-time high
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REUTERS/Shannon Stapleton
Amazon CEO Jeff Bezos
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That's above the previous all-time high of $693.97, which Amazon hit in intraday trading on December 29.
Amazon reported strong first quarter financial results last month. And on Tuesday the e-commerce giant announced that it was launching a new video service to take on Google's YouTube.
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Amazon's new high came amid a broader market rally, with the Dow Jones Industrial Average up 176 points in midday trading and the Nasdaq Composite up 33 points.
Here's Amazon's chart:
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BI Screenshot/Yahoo Finance
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
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