Amazon stock outperforms Apple after splashy iPad debut |
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Amazon stock outperforms Apple after splashy iPad debut
Amazon.com's Kindle electronic book reader may be on a collision course with Apple's newly-released iPad. But on a day that Apple grabbed headlines, Amazon.com won over Wall Street.
As you can see in the chart above, the two stocks were neck and neck for much of the day. But Amazon.com gained 2.74 percent to close at $122.75. Apple shares -- which initially sank after the iPad announcement, then surged after pricing details were released -- also were up nearly one percent on the day to close at $207.98.
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