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XLC News6 articles
WBD Shares Dip Amid California Probe, Paramount Deal Faces Scrutiny
Warner Bros. Discovery shares declined 1% Friday, closing at $27.14, as California's attorney general launched an investigation into Paramount's $31-per-share acquisition offer, adding to existing regulatory and financing concerns.
Netflix Shares Dip Amid Target Cut and Market Selloff
Netflix shares slipped 0.6% to $94.31 on Thursday as Argus trimmed its price target to $110, citing the abandoned Warner Bros deal. The streaming giant is refocusing on organic growth, buybacks, and advertising initiatives.
Communication Sector Stalls as Ad Worries Offset Gains
Communication services stocks lacked momentum entering a holiday-shortened week, with the sector's main ETF finishing essentially unchanged. Heavyweight internet stocks declined while telecom and media names provided some support.
Communication Services Stocks Face Pressure from Pinterest Plunge, Alphabet Debt, and Media Deals
Pinterest's sharp decline on weak ad outlook weighs on the communication services sector, while Alphabet's bond sale and media merger activity set the stage for Tuesday's trading.
Communication Services Sector Lags as AI Spending Concerns Weigh on Big Tech
The Communication Services ETF (XLC) fell 0.4% Friday, diverging from a broad market rally, as Alphabet and Meta declined. Investors scrutinized massive AI capital expenditure plans.
Communication Services Sector Trails Market Rally Amid AI Spending Concerns
The Communication Services Select Sector SPDR Fund (XLC) declined 0.39% on Friday, underperforming the S&P 500's 1.97% gain. Key holdings like Alphabet and Meta fell as investors weigh heavy AI-related capital expenditures.