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Dow Jones Futures: Don’t Sleep On Market Rally Sector Shifts; Adobe Extends Breakout, Amazon, Google Near Buys

Adobe is rising on strong earnings, with Amazon and Google right at buy points. Be alert to sector shifts in the stock market rally. Read More...

Reuters

Facebook’s ‘Neighborhoods’ faces crowded niche market, profiling concerns

When Facebook began testing its new “Neighborhoods” feature in Canada last October amid the COVID-19 pandemic, the tech giant described it as a dedicated place for people to connect with their local communities. Here, in a corner of the world’s largest social network, people met neighbors, shared banana bread ingredients, helped locate missing cats and swapped local business recommendations, the feature’s product manager Reid Patton said in a recent interview. But Facebook, which is rolling out the feature in four U.S. cities – Baton Rouge, Louisiana; Charlotte, North Carolina; Newark, New Jersey; and San Diego, California – is already playing catch-up in the red-hot market for local social apps.

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