Communication Services Stocks Lead S&P 500 Losses In Worst Day Since October -- WSJ

Dow Jones2023-02-09

By Hannah Miao

Shares of communication-services companies comprised the worst-performing sector in the S&P 500 on Wednesday as Alphabet's stock dropped.

The communications-services sector fell 4% in its worst day since October.

The sector is home to Alphabet, one of the most heavily-weighted companies in the index. The Google parent's stock dropped 7.6% after the company rolled out new artificial-intelligence-powered features.

NOTE: In-line links reference additional content of interest chosen by the WSJ news team.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 08, 2023 15:53 ET (20:53 GMT)

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jamesgreen
2023-02-09
jamesgreen
LINV 7796 gr8

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