Amazon led the gains in popular tech names with a 7.9% jump on Monday, its best day since December 2018. The Nasdaq 100, which consists of the 100 biggest non-financial companies in the composite, popped 2.8% for its biggest one-day gain since April.reported better-than-expected second-quarter earnings.
The market also cheered a slew of positive news on the vaccine front. Pfizer and BioNTech reported early positive data on a joint coronavirus vaccine. Meanwhile, another candidate from Oxford University and AstraZeneca showed aWith Monday's gains on Wall Street, the S&P 500 turned green for 2020 with a 0.6% gain on the year, while the Nasdaq has risen 20% this year. The 30-stock Dow lagged, however, down 6.5% for 2020.
Investors are also monitoring the talks in Washington on the next coronavirus relief bill. Lawmakers face pressure to pass legislation before the end of the month, when the $600 per week federal unemployment insurance benefit is set to expire. "I believe the stock market would benefit from news of a stimulus package coming to fruition," Kristina Hooper, Invesco's chief global market strategist, said in a note on Monday. "In times like this, despite a massive and rising budget deficit for the US, I believe big government is likely to be good news for the stock market."
Is that jimcramer in that photo?
I can write stupid ass tweets. Can i have a job
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