NewsWatch: Amazon stock rides to record as JEDI deal gets canceled on new CEO’s first day

Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was welcomed by news that the Department of Defense canceled a $10 billion contract that Microsoft Corp. had won instead of Amazon.

Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was welcomed by news that the Department of Defense canceled a $10 billion contract that Microsoft Corp. had won instead of Amazon.