Why Nokia Rallied Even on a Terrible Day for Tech Stocks

Shares of Nokia (NOK 4.38%) rallied 4.4% on Monday, despite the Nasdaq Composite (^IXIC -2.64%) plunging 2.64% today, with many tech hardware stocks dropping much more than that.How did Nokia defy the odds? The company announced a partnership between itself, Verizon, and Lockheed Martin. The new partnership has apparently achieved a breakthrough in hybrid 5G communications, which could open up more of the defense market to Nokia's 5G hardware.Looking into defense communicationsOn Sunday, Nokia announced tha ...