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Amazon.com Inc. shares rallied Monday to unseat Microsoft Corp. as the most valuable U.S. company based on market capitalization. Amazon shares surged 3.4% to close at $1,629.51 for a market cap of $796.78 billion, while shares of Microsoft ticked 0.1% higher to close at $102.06 for a market cap of $783.57 billion. Microsoft had unseated Apple Inc. as the most valuable U.S. company at the end of November. Over the past six trading days, Amazon's stock has rallied more than 11% to catapult the company from fourth place to first after tacking on $74.1 billion in market cap, according to Dow Jones data. Apple closed in fourth place at $701.99 billion following a 0.2% decline, and Alphabet Inc. held in third place with a cap of $745.63 billion after Monday's 0.2% decline. In Monday's broader market, the Dow Jones Industrial Average rose 0.4%, the S&P 500 index advanced 0.7%, and the tech-heavy Nasdaq Composite Index gained 0.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.