The markets bounced back today from yesterday's declines, nearly erasing all of the losses. The Dow 30 was higher by 386, the S&P 500 added 32, and the Nasdaq 100 bounced 71 on the day. Tech was the big focus today as yesterday's selloff seemed to provide new opportunity for investors in the short term. The question everyone is asking is "is this a sell the rally market, or buy the dip?"

Tesla (TSLA  ) shares bounced back 6% today after the company's CEO, Elon Musk said he is focusing his efforts on the production of the model 3 ahead of production numbers which are due out later this week. The stock has hit a rough patch lately thanks to news of credit downgrade, potential production issues, recalls and an ongoing accident investigation. Shares have fallen over 14% this year so far with most of it coming in just the last two weeks.

Spotify (SPOT  ) officially launched toady in what was a very rare, direct listing on the exchanges. For the most part the stock traded less volatile than what many had expected. Given that there was no offering price, investors chose to base their basis on the reference price that was set at $132 per share. The company has set some very lofty goals of having nearly 100 million subscribers by the end of the year.

Constellation brands (STZ  ) shares were lower on the day by 1.34% as the stock was downgraded by Stifel Nicolaus. The analyst cited valuation as their main concern for the downgrade in addition to lowering its price target to $228. The company which owns brands such as Corona, Svedka Vodka, and Paul Mason is sometimes used as a fun, economic indicator. The stock has performed very well in the face of market volatility, trading flat on the year, near highs.

In other news, GameStop (GME  ) was downgraded to hold from buy at Loop Capital Markets, citing "lack of positive catalysts" as their main concern. This is just a fancy way of saying then have nothing exciting coming up that could potentially excite new investors.