Amazon Crosses $3 Trillion — Then Bezos Files to Sell $4 Billion in Shares

The Main Points

• Amazon's market capitalization topped $3 trillion for the first time as the Dow closed at a record high to start August trading.
• The stock pulled back roughly 2% the following day after Jeff Bezos filed to sell approximately $4 billion worth of shares.
• The pullback came during an otherwise strong stretch for major indexes, with the S&P 500 and Dow both notching fresh records earlier in the week.