The seesaw in market management tilted again towards tech on Tuesday as Federal Reserve leaders continued to stump for Congressional assist and as European COVID issues continued to bubble.Fed Chair Jerome Powell advised the Home Committee on Monetary Providers that, whereas the financial system is certainly enhancing, continued progress is “extremely unsure” and continued to emphasize the significance of extra fiscal stimulus. Individually, Chicago Fed President Charles Evans was extra particular, saying the nation dangers “recessionary dynamics” and not using a new rescue package deal.In the meantime, the UK. introduced earlier closing hours on pubs and eating places Tuesday, a day after Deutsche Bank analysts mentioned to “anticipate tons extra restrictions over the times and weeks forward.”Commercial – Article continues belowThe Nasdaq Composite climbed 1.7% to 10,963 because of positive factors within the tech and communications sectors. It was additionally helped by a 5.7% surge in Amazon.com (AMZN), which acquired a Purchase name from Bernstein, launched a $499 Peloton (PTON, -0.4) knock-off bike known as Prime Bike and set the stage for this 12 months’s Prime Day.Different motion within the stock market right this moment:The Dow Jones Industrial Common improved by 0.5% to 27,288.The S&P 500 gained 1.1% to three,315.The small-cap Russell 2000 completed 0.7% increased to 1,496.Tesla (TSLA) shares dropped 5.6% forward of its “Battery Day” occasion, scheduled for this night, wherein it is anticipated to unveil a brand new sort of battery cell. Nonetheless, Musk dampened enthusiasm with tweets despatched out Monday. “Essential observe about Tesla Battery Day unveil tomorrow,” he mentioned. “This impacts long-term manufacturing, particularly Semi, Cybertruck & Roadster, however what we announce won’t attain severe high-volume manufacturing till 2022.”Make the Most Out of This Curler-Coaster MarketThe market’s tug-of-war continues as September lives as much as its rocky popularity.Nonetheless, Kenny Polcari, managing companion at Kace Capital Advisors, notes that whereas COVID-19, the ensuing financial fallout and the upcoming election have exacerbated a “usually risky” interval for stocks, it isn’t all destructive.Commercial – Article continues beneath”A lot of the points the market is coping with are usually not basic by way of company earnings and margins, so whereas they may create a whole lot of short-term noise, they’ll and can create alternatives,” he says.Polcari continues that there’s “a lot to love in tech” – certainly, buyers have their selection of tech developments to chase proper now, be it e-commerce/fintech, cloud computing or 5G know-how. He additionally notes that whereas tech’s mega-cap stocks get the entire consideration, “most of the different firms within the tech house do not get the respect they deserve,” as shareholders of those 14 picks would seemingly attest.After all, in the event you’re in search of growthy tech performs, you may discover quite a few concepts from the unlikeliest of locations: the thoughts of Warren Buffett. Sure, we all know, he traditionally hasn’t loaded up on the sector, however he (and his lieutenants) have more and more warmed as much as tech – and quite a few these names might be discovered amongst what’s a surprisingly massive cohort of development stocks.Kyle Woodley was lengthy AMZN as of this writing.