That helped drive the Nasdaq up nearly a half percent. But investors sold economically-sensitive sectors such as energy and financials, pushing the Dow down a half percent and the S&P 500 two-tenths percent.

RB Advisors deputy chief investment officer Dan Suzuki:

"Today's session is really about this back-and-forth dynamic we've had in the market. So last week we saw our reopening trade and so the reopening stocks worked. Today is a bit of you know, a lockdown trade and so it's no surprise that some of the defensives as well as some of these tech companies are outperforming."

The biggest drag on the S&P: Intel. Bloomberg News reported Apple plans to introduce a series of new Mac processors as early as 2021. Those chips are aimed at outperforming Intel's fastest processors.

A former Dow stock was the biggest gainer on the Big Board. Shares of Eastman Kodak rocketed up nearly 60% after a federal agency found no wrongdoing concerning the stalled U.S. government loan to the once iconic film manufacturer.