Communications Services up on Rotation to Risky Sectors - Communications Services Roundup
Dow Jones
Aug 14
Communications-services companies rose as traders rotated into risky sectors following another relatively benign inflation report.
Softer-than-anticipated consumer and wholesale inflation data this week have diminished the odds of a Federal Reserve rate hike in September.
Shares of StubHub fell after the ticket reseller said refunds and expenses associated with the World Cup tournament offset increased sales, weighing on its quarterly earnings.
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