FOXA - Communications movers: Meta sinks for second week but Lumen leads declines

The ongoing tech sell-off (along with a broader-market downdraft on international tensions) hit some of the biggest names this week in Communications Services - the sector that led all others on the way down the charts. The S&P 500 ended the week in the red, with Communications stocks worst of all 11 sectors, sinking 3.9% as a group. The sector's Select Sector SPDR fund (NYSEARCA:XLC) fell 2.7% for the week. That drop drew heavy impact from a still-suffering behemoth in the group. Meta Platforms (NASDAQ:FB) was the sector's worst performer last week with a 21%-plus slide; it added on to that this week, with a 7.4% drop ending up as third-worst in the group among large-cap stocks. It was an eventful week for Meta that started with the news that longtime boardmember Peter Thiel was leaving his director's seat to focus on Trump politics. This coming Tuesday, the company reportedly plans

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Communications movers: Meta sinks for second week, but Lumen leads declines