XLC - Communications stocks slide 5% for week leaving few gainers

Another week, another stock-market sell-off that landed heavily on technology names as well as Communications stocks - which managed a deeper dive for the week than last week's more modest 1% drop. The Communication Services Select Sector SPDR Fund (XLC) slid 4.9% over the past five sessions, in line with the broader sell-off as S&P 500 stocks fell just over 5% for the week. That fall was bad enough, in fact, that among large-cap Communication Services stocks, the top-five gainers list had only four stocks to its name - the only ones making positive ground. All other big names in the group declined. And those large-cap gainers were led easily by Chinese online entertainment name Bilibili (NASDAQ:BILI), up 8% for the week - though the stock was up as much as 25.6% by Wednesday (when game makers surged on more approvals from Beijing) before an end-of-week cool-down (after an earnings

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Communications stocks slide 5% for week, leaving few gainers