Stocks jumped Wednesday and the Dow added more than 200 points. Leadership in the S&P 500 flipped back to the technology and health-care sectors, unwinding a rotation into cyclicals that had begun last week. Apple (AAPL) and Microsoft (MSFT) led gains in the Dow, and the Nasdaq outperformed.
The e-commerce veteran hasn't issued a stock split since 1999, but the time is ripe for another one right now.
The bull market in stocks since March's lows has been extremely resilient, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular has found ways to bounce back from temporary setbacks. Tech stocks were big contributors to the Nasdaq's gains, especially in the semiconductor arena. Shares of Tesla soared more than 12% Wednesday.