Stocks Enter New Territory on Mixed Economic Data

By Horizon Investments As corporate earnings season continues, we’re seeing especially positive results from companies in economically cyclical sectors such as industrials and materials. Additionally, technology companies’ financial results are benefiting from strong microchip demand among automobile and smartphone makers. Economic data in the U.S. was mixed last week, with stronger-than-expected manufacturing PMI (Purchasing Managers’…Click to read more at ETFtrends.com.