TTWO - Week in Communications stocks: Snap leads gainers as Meta sinks

An unusual week for Communications Services stocks wrapped up with the group falling as a whole - but weighed down mainly by one major stock collapse, and with far more large-cap advancers than decliners. The sector dropped just 0.2% for the week. Meanwhile, the market-cap-weighted XLC Select Sector SPDR fund tracking Communications Services declined 1.62%, largely due to the stumbling giant at the top of the group. And the week's advancers and decliners really were a tale of two stocks. Meta Platforms (NASDAQ:FB) led all large-cap losers, falling 21.4% for the week (and pulling down XLC and countless other indexes and trackers) after investors sold off on some light guidance and a disappointing quarterly profit miss that resulted in the biggest single-day equity wipeout ever. Meta was joined in the penalty box this week by AT&T (NYSE:T), down 4.5% for the period almost entirely on Tuesday's confirmation that it would

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Week in Communications stocks: Snap leads gainers, as Meta sinks