Communications Services Down on Flight From Risk — Communications Services Roundup
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Dow Jones
Communications services companies fell as traders rotated out of high-risk sectors.
Netflix shares slipped even after the streaming giant presented to advertisers in an "upfront" event in New York, and touted the rapid growth of its ad-supported tier to 40 million users -- eight times the level a year earlier.
AMC Entertainment slid as traders retreated from the meme stocks that had surged earlier in the week.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 16, 2024 17:51 ET (21:51 GMT)
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