Closing Bell: Retail Hit as Amazon Kicks Off Prime Day; Tech Boosts Nasdaq Again

More gains in tech pushed the Nasdaq to clock its second day of solid gains.
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More gains in tech pushed the Nasdaq to clock its second day of solid gains. The sector has rebounded from a rough June as bulls returned after a string of selloffs.  The countdown to Amazon.com Inc.'s (AMZN) - Get Report Prime Day kept retailers on edge. Best Buy Co. Inc. (BBY) - Get Report , The Gap Inc. (GPS) - Get Report , Dick's Sporting Goods Inc. (DKS) - Get Report and Guess? Inc. (GES) - Get Report were sharply lower on worries over the increased competition. Prime Day kicks off tonight. ClubCorp Holdings Inc. (MYCC) rallied after Apollo Global Management (APO) - Get Report agreed to purchase the golf club company for $1.1 billion. The deal values ClubCorp at a nearly 32% premium to its Friday close. Valeant Pharmaceuticals International Inc. (VRX) rose after announcing that it was on pace to pay down its debt according to long-term plans. The drugmaker recently paid down $811 million in senior secured loans.