Dow rallies 400 points | Tech claws back some losses | Tesla jumps nearly 11%

The tech trade is back … for one day, at least.

VIEW IN BROWSER | SUBSCRIBE WED, SEP 09, 2020 EVENING BRIEF AS OF WED, SEP 09, 2020 • 04:27 ET DJIA 27940.47 +1.60% +439.58 S&P 500 3398.96 +2.01% +67.12 NASDAQ 11141.56 +2.71% +293.87   Most Active DOW NAME LAST CHG %CHG AAPL 117.32 +4.50 +3.99% MSFT 211.29 +8.63 +4.26% INTC 49.62 +0.71 +1.45% S&P 500 NAME LAST CHG %CHG AAPL 117.32 +4.50 +3.99% GE 6.16 +0.02 +0.33% AAL 13.05 -0.58 -4.26% NASDAQ NAME LAST CHG %CHG AAPL 117.32 +4.50 +3.99% AAL 13.05 -0.58 -4.26% TSLA 366.28 +36.07 +10.92%   EDITOR'S NOTE The tech trade is back … for one day, at least.   Technology shares rose on Wednesday to lead the broader market higher and claw back some of their recent steep losses. Tesla jumped nearly 11% a day after suffering its biggest one-day drop on record. Shares of Apple, Facebook, Amazon and Google-parent Alphabet also posted solid gains.   Christian Fromhertz, CEO of Tribeca Trade Group, said the market was "due for a bounce" after the steep bout of selling knocked the S&P 500 and Nasdaq Composite back below their record highs. To be sure, Stanley Druckenmiller of the Duquesne Family Office thinks investors should be cautious going forward as the market is currently in a mania driven by easy monetary policy and investor speculation.    "Everybody loves a party ... but, inevitably, after a big party there's a hangover," Druckenmiller told CNBC's "Squawk Box" on Wednesday. "Right now, we're in an absolute raging mania. We've got commentators encouraging companies to do stock splits. Companies then go up 50%, 30%, 40% on stock splits. That brings no value, but the stocks go up."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow surges more than 400 points as tech's best day since April sparks a market-wide rally Stanley Druckenmiller says the stock market is in an 'absolute raging mania' Goldman Sachs joins JPMorgan in saying Wall Street workers will return to the office in rotations Mike Santoli's market notes: Textbook turnaround, hedge funds reload, billionaire warnings Gov. Cuomo allows indoor dining at NYC restaurants to resume at 25% capacity Sept. 30 SPACs outpace traditional IPOs 2 months straight, bringing 2020 issuance to a record $33 billion Trump campaign raises hefty $210 million in August, but it's well short of Biden's record haul United, pilots union reach agreement to avoid close to 3,000 furloughs California's raging wildfires: Bay Area skies turn an eerie orange Biden leads in six 2020 swing states as Trump sees no convention bounce, CNBC/Change Research poll finds   TOP VIDEO Here's what CEOs want from the new stimulus bill, according to The Conference Board   CNBC PRO Druckenmiller is worried about inflation, says it could hit 10% in coming years   SPECIAL REPORTS Cold weather brings new fears for struggling restaurant owners Options market predicts Exxon Mobil's dividend could be in danger   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