Nasdaq bounces back | More vaccine progress | Could Democratic victory boost markets?

Stocks rose on Monday as Amazon shares led other major tech stocks higher.

VIEW IN BROWSER | SUBSCRIBE MON, JUL 20, 2020 EVENING BRIEF AS OF MON, JUL 20, 2020 • 04:18 ET DJIA 26680.87 +0.03% +8.92 S&P 500 3251.84 +0.84% +27.11 NASDAQ 10767.09 +2.51% +263.90   Most Active DOW NAME LAST CHG %CHG MSFT 211.60 +8.72 +4.30% PFE 36.50 +0.25 +0.69% BA 174.42 -1.24 -0.71% S&P 500 NAME LAST CHG %CHG NBL 10.18 +0.53 +5.44% F 6.66 -0.14 -2.06% AAL 11.47 -0.44 -3.69% NASDAQ NAME LAST CHG %CHG AAL 11.47 -0.44 -3.69% AMD 57.46 +2.42 +4.40% MSFT 211.60 +8.72 +4.30% EDITOR'S NOTE Tech stocks got a wake-up call, rising from a weeklong slump and erasing a 167-point drop by the Dow Jones Industrial Average on Monday.   The tech-heavy Nasdaq rose 2.51% as Big Tech stocks including Amazon, Alphabet,  Apple, Microsoft and Facebook posted gains. Count it as a healthy sign for the market's continued advance because these are the names that have been leading its recovery since the coronavirus pandemic bottom in March.   "If we lose [technology] leadership in a meaningful way, I think it will adversely affect the overall market," said Douglas Busch, founder of ChartSmarter, in a note.     The Dow and the S&P finished the day with small gains as investors digested the latest vaccine headlines.     Pfizer and BioNTech reported early positive data on their joint Covid-19 vaccine candidate. So did Oxford University and AstraZeneca on their candidate.   In the days ahead, investors have their eyes on Washington, and many are expecting lawmakers and the president to settle on the high-end in passing the next fiscal stimulus bill. "In light of the deteriorating growth momentum, it is highly unlikely that Republicans under-deliver," said Aneta Markowska, chief financial economist at Jefferies in a note.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Nasdaq jumps more than 2% led by Amazon, S&P 500 goes positive for 2020 Recovery faces critical weeks as Congress, states decide unemployment benefits, school openings and more pandemic aid Pfizer-BioNTech potential coronavirus vaccine shows promise in additional data Coronavirus vaccine from Oxford and AstraZeneca shows positive response in early trial Track the latest coronavirus news here Democratic sweep could spark a surprise rally with a unified approach to Covid-19, Bank of America says Chevron CEO says Noble Energy deal offers 'high quality assets at a very fair price' Nearly 17,000 Southwest employees sign up for buyouts, voluntary leave as furlough threat looms Gold heading toward a new all-time high, says Citi Meet the former Disney executive taking over as Virgin Galactic's new CEO     TOP VIDEO Watch CNBC's full interview with Chevron CEO Michael Wirth on Noble Energy acquisition   CNBC PRO Bank of America sees a summer rally for the S&P 500 as charts signal 'upside breakout'   SPECIAL REPORTS The five earnings reports to watch this week with analyst estimates up in the air Beyond Netflix: These two stocks could be best streaming plays, traders say   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS