Pinterest plunge, Alphabet bond sale and Warner Bros bidding war set up communication services stocks for Tuesday open
Pinterest shares fell 16.9% Friday after the company warned of weaker ad demand from tariff-hit retailers, dragging the communication services sector lower ahead of the Presidents Day holiday. The XLC ETF slipped 0.1% as Meta and Alphabet also declined, while Disney and Netflix gained. U.S. markets will reopen Tuesday, with investors watching for media deal headlines and Fed minutes.