Stock market live updates: Stocks recover, technology leads, Tudor Jones warns of 'second depression'

The major averages recovered from earlier losses as big tech shares continued to be a bright spot in the market. However, gains were kept in check amid fears over a resurgence in coronavirus cases.2:25 pm: 92% of Nasdaq 100 stocks are above their 50-day moving average

During Monday's session, 95 of the 103 stocks in the Nasdaq 100 index were trading above their 50-day moving average as big tech shares led Wall Street off its intraday lows. The Nasdaq 100 traded 1% higher as Facebook, Amazon, Alphabet, Netflix and other major tech stocks rose. "When the NDX pops, it tends to take many of its components along for the ride, like now," said Frank Cappelleri, executive director of Instinet.

AutoNation — AutoNation reported quarterly revenue that surpassed analyst expectations, sending the stock up more than 5%. Cruise lines — Norwegian Cruise Line, Carnival and Royal Caribbean all fell as investors grew jittery over the possibility of a second wave of coronavirus cases.to read more. —Goldman Sachsin stocks as the market is poised to get hit by a lack of buybacks, dividend cuts as well as rising political uncertainties. The bank said the S&P 500 will fall to 2,400 over the next three months, a nearly 20% decline from here, before it rebounds to 3,000 by year-end.

Among the six negative catalysts, the strategist pointed to an increase in new coronavirus cases outside of New York state, which suggests infection may accelerate as more states begin to relax shelter-in-place restrictions. Meanwhile, investors should be cautious about the risks stemming from the U.S. presidential election and the ongoing trade tensions with China, Kostin said.

Oh boy you're a real genius..The FED IS IN CONTROL....and will not allow markets to fail...

'Experts '

wall street no longer reflects main street. The fed bought it

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