Name: Nasdaq ends higher with tech back in favor
Uploaded: 2020-11-12T19:05:06.000Z
Duration: 1 min 19 s
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investors switched gears Wednesday, streaming back into tech stocks and moving away from the economically sensitive sectors they had favored Monday and Tuesday.

Microsoft, Amazon, Apple and Netflix led the rally, driving the NASDAQ up 2% and the S and P 500 up less than 1%.

Weakness and Boeing, Caterpillar and other industrial stocks dragged down the Dow, 1/10 of a percent.

Financial advisor Ross Gerber of Gerber Kawasaki says the recent market rotation favoring cyclical stocks was premature.

It's way too early, and I can't imagine why anybody think if this is a good as the economy is going to get right now for the short term and the reason is is that everybody is out getting covered right now.

Shares of Lift got a slight lift, finishing up 1%.

The ride, hailing APP set is working on a new delivery service for restaurants.

Beleaguered chairs of Revlon looked more attractive to investors, gaining almost 23% the cosmetics maker said.

More bondholders air supporting its debt restructuring offer.

 The company had previously warned it may be forced to file for bankruptcy protection if a certain amount of bonds remained outstanding by mid November. 