Amazon Leads Market Out Of Abyss

Amazon.com, Inc. AMZN shares are trading higher higher by $14 at $654.15 in Monday's session. It is higher by over 2 percent while the S&P 500 index is flat for the session.

Mid-day it slashed through ($639.42) before finding support at $635.27 and embarking on a furious rally.

While the index is several handles off Friday's high. the issue cam within striking distance of Friday's high ($657.88), only reaching $656.41 before pulling back its current level.