Communication Services stocks: Verizon surge lifts Communication Services Select Sector SPDR Fund as Alphabet, Walt Disney earnings loom
Telecom stocks pushed communication services higher to close out the week, lifting the Communication Services Select Sector SPDR Fund roughly 0.3% to $120.08 on Friday. Verizon surged 11.8% to $44.52, while AT&T and T-Mobile US climbed 4.3% and 4.2%, respectively. Meta Platforms, however, dropped nearly 3%.