Wall Street indexes opened higher ahead of data on the property market and after President Biden decided to nominate Jerome Powell for another term as chairman of the Federal Reserve. Here’s what we’re watching in Monday’s trading:

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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Wall Street indexes opened higher ahead of data on the property market and after President Biden decided to nominate Jerome Powell for another term as chairman of the Federal Reserve. Here’s what we’re watching in Monday’s trading:

  • Astra Space successfully completed its first commercial orbital launch for the U.S. Space Force. The Alameda, Calif., company said the test payload, launched from its Kodiak Spaceport in Alaska, reached precise orbit in less than 10 minutes.
  • Ericsson agreed to buy cloud-communications provider Vonage for $6.2 billion, in deal that the Swedish telecom-equipment maker said will expand its wireless enterprise business and broaden its global offerings.
  • Activision Blizzard Chief Executive Bobby Kotick has told senior managers he would consider leaving the company if he can’t quickly fix the culture problems at the videogame giant, according to people familiar with his comments.
  • Rivian and Ford decided to go their separate ways rather than collaborate on future electric vehicles, backing away from an earlier strategic pact that led to a multibillion-dollar windfall for Ford.

Rivian R1T pickups outside the Nasdaq Market site during the company’s IPO in Times Square in New York, Nov. 10, 2021.

Photo: Brendan McDermid/REUTERS

Chart of the Day

Write to James Willhite at james.willhite@wsj.com