Communications Services Down as Growth-Stock Boom Eases - Communications Services Roundup
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Dow Jones
Communications services companies fell as the second-quarter boom in large-cap growth stocks cooled off a little.
"Growth continues to dominate Value," said strategists at brokerage Bank of America Global Research.
"Growth and mega caps [are] melting up like the 1990s." The Los Angeles Unified School District voted to ban cellphones during the entire school day, becoming the largest school system to take such a step in an era of concern about youth cellphone use and social-media addiction.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 18, 2024 17:17 ET (21:17 GMT)
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