Amazon shares closed up more than 3 percent, pushing the e-commerce giant’s market capitalization to $796.8 billion.
Holtz-Eakin, who served as CBO director under former President George W. Bush, said the economy’s fundamentals remain strong despite market volatility.
The “jinx month” is living up to its name but the swings could be short-lived.
It may a historic bull market, but the same worries still linger for long-time bear Peter Eliades.
The Dow Jones Industrial Average was down 300 points in midday trading.
The change signifies the end of an era for GE, which was one of the Dow’s original components when it was founded in 1896.
The streaming giant was one of several tech-focused companies that saw shares sink on Monday.
General Electric was the only remaining original stock on the Dow.
Friday's solid jobs report has investors looking past trade war concerns.
Financial shares and small-cap equities posted big gains.