Communications Services stocks slip on retreat from risk
Communications-services shares eased as traders pulled back from high-risk sectors amid interest-rate concerns; Disney, AT&T also gained on specific developments.
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Communications-services shares eased as traders pulled back from high-risk sectors amid interest-rate concerns; Disney, AT&T also gained on specific developments.
U.S. stocks traded mixed but mostly higher at midday Friday as crude oil retreated on hopes for an Iran-brokered reopening of the Strait of Hormuz, even as Treasury yields pushed toward their highest level since 2007 after this week's Trump-Xi trade summit. Washington and Beijing extended their trade truce without anno
U.S. stocks rebounded sharply as crude oil fell from its geopolitical spike and Treasury yields eased below 5%. The Nasdaq 100 led gains, while the Dow lagged and the VIX cooled.