investors in big technology stocks have a serious case of whiplash amazoncom inc amzn broke the record friday for the largestever oneday gain in market value for a us company just a day after facebook parent meta platforms inc fb suffered the largestever loss ratings game ‘amazon is not a monopoly’ earnings show amazon must rely on alternative businesses analyst says the dramatic moves suggest investors are moving quickly to draw distinctions among the growth prospects of some of the biggest us companies as they reassess their valuations in anticipation of higher interest rates both stocks have surged so far so fast in recent years that any big move can rattle the broader market and set various records amazon is the fourth biggest company in the us by market value behind apple inc microsoft corp and alphabet inc with a market capitalization of about 163 trillion while meta is no 7 even after thursday’s declines see amazon prime is raising its price here’s how much the cost has gone up over the years in recent days investors have shown they have more faith in the tech companies whose services are seen as staples than in those whose offerings are more elective said john lynch chief investment officer at comerica wealth management which manages 175 billion “within tech we’re starting to see a delineation between necessities and wants” he said “in a risingrate environment you’re going to have noncorrelated moves in the market” an expanded version of this report appears at wsjcom snap had its best day ever it doesn’t have all of facebook’s problems why are millionaires moving to this littleknown arizona suburb