Amazon's stock rallied to its highest in more than two months on Friday after a research firm predicted the online heavyweight's retail business in North America is set to beat Wall Street's estimates.
Amazon's shares climbed 4% to $108, their highest since Feb. 3, giving the Seattle company a stock market value of $1.1 trillion.
North American net sales account for more than half of Amazon's overall revenues, with international and Amazon Web Services, or AWS, making up the rest. New York-based YipitData aggregates and analyzes data that track the behavior of millions of U.S. consumers, including email receipts, online transactions, app data and web traffic.
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