Stock Market Today: Big Tech Leads Another Snap-Back Rally

COVID worries, including a not-glowing reception to Johnson & Johnson vaccine, helped drag the major indices lower Friday

An Amazon shipping facility
(Image credit: Getty Images)

Investors' necks are no doubt sore from the violent back-and-forth trading action these past few days, but at least Monday's charge was in the right direction.

A surge from several mega-cap tech and tech-adjacent stocks helped lift the major indices – Amazon.com (AMZN, +4.3%) and Google parent Alphabet (GOOGL, +3.6%) were up strongly ahead of their earnings reports, due out after Tuesday's close. (Here's what Wall Street is expecting out of them.)

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Disclaimer

Kyle Woodley was long AMZN and Bitcoin as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.