S&P 500 snaps 4-day slide | Amazon surges on upgrade | US Covid-19 deaths reach 200,000

Amazon shares may be looking too good not to buy at these prices.

VIEW IN BROWSER | SUBSCRIBE TUE, SEP 22, 2020 EVENING BRIEF AS OF TUE, SEP 22, 2020 • 04:30 ET DJIA 27288.18 +0.52% +140.48 S&P 500 3315.57 +1.05% +34.51 NASDAQ 10963.64 +1.71% +184.84   Most Active DOW NAME LAST CHG %CHG AAPL 111.81 +1.73 +1.57% MSFT 207.42 +4.88 +2.41% INTC 49.95 +0.23 +0.46% S&P 500 NAME LAST CHG %CHG AAPL 111.81 +1.73 +1.57% GE 6.25 -0.10 -1.57% BAC 23.94 -0.53 -2.17% NASDAQ NAME LAST CHG %CHG AAPL 111.81 +1.73 +1.57% TSLA 424.23 -25.16 -5.60% AMD 77.70 -0.24 -0.31%   EDITOR'S NOTE Amazon shares may be looking too good not to buy at these prices, investors said today.    Shares of the e-commerce giant jumped more than 5% after Mark Shmulik, an analyst at Bernstein, upgraded them to buy from hold. Shmulik was the last analyst from a major research firm without a buy rating, writes CNBC's Michael Bloom.   Amazon had been under pressure this month before Tuesday's sharp gains. In fact, the shares are still down more than 9% for September. But that pullback gives investors who missed out on the stock's surge from the March lows "a better entry point to get involved," Shmulik said in a note.   Shares of other major tech companies are also down significantly month to date, but if investors start finding their current valuations more attractive, the market's September sell-off may be kept in check.   Amazon led Big Tech higher on Tuesday and helped the S&P 500 snap a four-day losing streak, its longest since February.   To be sure, broader market sentiment was restrained for most of the session after U.K. Prime Minister Boris Johnson announced further restrictions to curb the spread of the coronavirus. He noted the country was at a "perilous turning point."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  S&P 500 snaps 4-day losing streak, Nasdaq jumps led by Amazon The U.S. coronavirus death toll tops 200,000, and it's just 'the tip of the iceberg' Boris Johnson says UK is at a 'perilous turning point' and tells people to work from home Delta will delay decision to furlough pilots until November, union says Bernstein says Amazon pullback is an attractive 'entry point' after missing rally since March Tesla shares fall as Musk dampens Battery Day expectations Jim Cramer says 'FAANG is back' as tech stocks lead market higher Coronavirus cases grow in more than half of U.S. states pushing nationwide number higher Powell pledges the Fed's economic aid 'for as long as it takes' Amazon reportedly prevents some device rivals from advertising competing products   TOP VIDEO Pres. Trump calls on world to 'hold China accountable' for Covid-19 pandemic during U.N. address   CNBC PRO Mike Santoli's market notes: Apple is standoff stock, key market level to watch, sell-off over?   SPECIAL REPORTS Americans have lost $145 million to scams linked to Covid-19 Wall Street's Ed Yardeni: U.S. economy might not need new, big coronavirus stimulus after all   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS