Amazon on track to be worth more than Alphabet for the first time in 16 months

Earnings season is set to cause a reshuffling among the ranks of the largest U.S. companies. Amazon.com Inc. AMZN, +7.94% is poised to overtake Alphabet Inc. GOOG, +0.35% GOOGL, +0.43% and become the third-largest U.S. public company upon Friday’s close, after its results were well received by Wall Street and Alphabet’s earlier in the week got panned. The race is tight, however, with Amazon recently having a $1.78 trillion valuation based on intraday action and Alphabet having a $1.77 trillion market ca ...