SAN FRANCISCO — Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a seesawing stock market continues to reshuffle corporate America’s pecking order.

The shift occurred Monday after Amazon’s shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader’s market value to $797 billion.

Meanwhile, Microsoft’s stock edged up by less than 1 percent to finish at $102.06, leaving the computer software maker’s value at $784 billion.

Microsoft in November had supplanted longtime top spot holder Apple.