August 6, 2020, 2:54 pm EDT
Communication, Internet, Gaming Dominate the Markets
Communication service sector (XLC) +2.6% drives stock markets with another breakout as follow-through uptrend actions. Inside communication services, we can see FB, GOOGL, TWTR, ATVI, DIS lead this sector with the internet and gaming industries.
Consumer discretionary sector also performs well from many hotels: MGM, WYNN, LVS, MAR, HLT, travel & cruises: NCLH, RCL, EXPE. Coming stimulus checks might be the driving force behind these consumer-related companies to boost their business.