Amazon’s shares climb to new heights adding $135 billion to market

The U.S. market made a considerable recovery on Friday as Amazon shares surged significantly adding $135 billion to the market. This news proved to be a source of relief as a  significant amount of wealth was wiped out on Thursday when Meta Inc. shares came crashing down. More than $200 billion were erased from the market while the Chief Executive Officer (CEO) Mark Zuckerberg himself lost $29 billion in his net worth. The e-commerce giant’s shares registered a strong opening as they rose by 9.6%. The U.S. market is totally on a roller coaster ride as it is one of the biggest single-day gains in its history and it came just a day after the historic wipeout on Thursday. Good sales in the cloud computing business and increased numbers of Prime Video Subscriptions are being said to be the reason behind the steep climb of Amazon’s share price.