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Stock market live Monday: Amazon leads market higher, Nasdaq up 20% for year, Nikola shares tank

The major averages were higher in afternoon trading as a rally in Amazon shares lifted the rest of Big Tech. The Dow erased a 167-point drop to join the S&P 500 and Nasdaq Composite in positive territory. Tech’s outperformance comes after a rare losing week. Traders also cheered positive coronavirus vaccine news and kept an eye on Washington as lawmakers start negotiations on further economic stimulus.

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