Communications Services Climb as Traders Chase Risk - Communications Services Roundup

Dow Jones

Jan 16, 2025

Communications services companies rose as traders rotated back into high-risk sectors.

The SPDR Select Sector Communications Services exchange-traded fund, which tracks the communications services industry group of the S&P 500, rose by 1.6% and is now more or less flat for 2025, within 4% of all-time highs.

The game of chicken over the fate of the TikTok service continued on Wednesday with a report the Chinese-owned social media platform will shut down entirely on Sunday without a Supreme Court reprieve.

The rapper Drake sued Universal Music Group for defamation, arguing the label profited from Kendrick Lamar's diss track "Not Like Us," in which Lamar calls Drake a pedophile.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

January 15, 2025 17:15 ET (22:15 GMT)

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