Amazon stock hits new all-time high as coronavirus spurs demand

Amazon‘s share price has surged to a new all-time high on Tuesday, sending the ecommerce giant’s market cap beyond $1.1 trillion during intraday trade for the first time. Stock in the Seattle-based mega-corp traded for more than $2,280 on Tuesday afternoon. This beats Amazon‘s previous price record of $2,170.22 by 5%, which CNBC notes was set in February. [Read: Amazon warehouse worker tests positive for coronavirus day after Bezos visit] The coronavirus (COVID-19) pandem