Communication services stocks head into Fed week with Meta under UK probe — what moved XLC
The Communication Services Select Sector SPDR Fund (XLC) closed at $116.96 Friday, up 0.6% after a volatile week. Meta rose 1.72% to $658.76, while Alphabet’s Class C shares slipped 0.73%. UK regulator Ofcom opened an investigation into Meta’s handling of WhatsApp for Business data. Intel shares plunged 17% after a weak forecast, weighing on tech sentiment.