NASDAQ Adds Another 1% as Tech Recovery Continues

• Ben and Dan Agree to Disagree on market valuation – is it still overvalued after this correction? Or is it harder to compare because of historically high valuations and a different interest rate environment? And does this tech-driven rally play a part?

• Kevin Matras answers questions covering what you should do about the recent pullback and what stocks will do ahead of the election in Zacks Mailbag

• Sheraz and Dan choose one portfolio to give feedback for improvement

• And much more

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Tech continued to slowly recover from its two-week smackdown on Tuesday, while we all wait to hear what the Fed has to say after its most recent meeting.

The NASDAQ rose 1.21% (or about 133 points) today to 11,190.32, marking a two-day advance of just about 3% after Monday’s jump of nearly 1.9%.

But let’s not get too excited. The index is still more than 7% away from its closing high, which was reached less than two weeks ago!

All of the FAANGs were positive on Tuesday with Netflix (NASDAQ:NFLX, +4.1%) and Facebook (NASDAQ:FB, +2.36%) leading the way. Microsoft (NASDAQ:MSFT) joined in with a 1.6% increase.

Apple (AAPL), which was the only FAANG that was positive yesterday, actually lagged everyone despite its virtual product launch event. The iPhone maker managed a rise of only 0.16%.

The S&P is back above 3400 (for the first time since September 4) after rising 0.52% to 3401.20. The Dow jumped by more than 200 points at its best in the session, but could only hold onto a gain of 0.01% (or about two points) to 27,995.60.

All of the indices rose by over 1% yesterday on positive vaccine news and a fresh round

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