PINS - AMC leads again as Communications stocks log a positive week

Communications Services stocks rose again along with the broader market this week, the second straight weekly win for stocks overall as well as the telecommunications and media stocks in the sector. The SPDR S&P 500 Trust ETF rose 1.8% for the week, cutting into 2022 losses. It was led by surging energy stocks, though communications stocks in the middle of the gainers pack also rose 2.1% over that five-session span. The top Communications gainer of the week was the nation's top movie-theater operator that's now branched out into gold mining investments: AMC Entertainment (NYSE:AMC). The stock rose just over 28% for the week, led by a rash of buying (coinciding with heavy Reddit chatter) over its best two-day stretch since last summer. Share classes in Formula One (NASDAQ:FWONA, FWONK) pulled off double-digit gains for the week after the racing sport opened its season in Bahrain, and Ferrari fans built up high

For further details see:

AMC leads again as Communications stocks log a positive week