Why investors should be looking for thematic trades in this environment, and everything else to watch in markets on Monday, August 8, 2022.
Shares of Meta Platforms (NASDAQ: META) were rising this morning on no company-specific news. Instead, Meta investors may be pushing the stock higher as tech investors extend their recent optimism from last week. Investors may also be optimistic about Meta this morning as Congress begins to run out of time to pass an antitrust bill aimed at large technology companies.
Results from online operators suggest that online commerce remains strong despite physical retail coming back after the pandemic.