A week after a bullish golden cross pattern formed in the Dow Jones Industrial Average, a pair of important stock-market indexes are also beginning to generate upbeat chart formations—suggesting that a mostly technology-driven rally may be fanning out somewhat to other sectors of the market.
The Trump Administration outlined a plan Monday to commercialize a swath of military radio frequencies for use in next-generation 5G networks, yielding to cellphone carriers that have sought the spectrum for their own use.
ANGI Homeservices Inc. saw revenue climb 7% in July amid continued demand for home-improvement projects during the pandemic, but that growth marked a slowdown from the prior two months.
Investors are becoming more confident about the continuing economic recovery, ignoring fears that new spikes of the coronavirus pandemic throughout the continent might prompt a return to partial or total lockdowns.
Stock-market benchmarks finished mostly higher on Monday as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their highflying counterparts.
U.S. stocks were modestly higher at the start of Monday’s trade after President Donald Trump over the weekend signed executive orders that would extend some elements of coronavirus relief. The measures face likely legal hurdles and questions about their effectiveness, however, while continued U.S.-China tensions might also cap upside, analysts say.