Amazon's value surpasses Wal-Mart after surprise 2Q profit, but still not in top 10 of S&P 500

MarketsAssociated Press

Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings report. Amazon shares closed up nearly 10 percent, giving the Seattle company a market value of $247.77 billion, versus $230.53 billion for Wal-Mart.

A company's market value is calculated by multiplying the number of shares of stock it has in circulation by the current price of one share.

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Here's the list of the top 15 companies in the benchmark S&P 500 index, followed by their market value:

Apple Inc. $710.00 billion
Google Inc. $448.84 billion
Microsoft Corp. $368.76 billion
Exxon Mobil Corp. $334.24 billion
Wells Fargo & Co. $297.29 billion
Johnson & Johnson $274.95 billion
Facebook Inc. $272.26 billion
General Electric Co. $259.46 billion
JPMorgan Chase & Co. $254.84 billion
Amazon.com Inc. $247.77 billion
Wal-Mart Stores Inc. $230.53 billion
Procter & Gamble Co. $217.83 billion
Pfizer Inc. $210.96 billion
Walt Disney Co. $201.76 billion
Bank of America Corp. $187.45 billion

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Source: FactSet