Communications Services Up as Traders Grow Sanguine on Economy -- Communications Services Roundup

Communications-services rose as traders grew sanguine about the U.S. economic and interest-rate outlook.

Shares of Inseego surged after the maker of Internet of Things and networking technology agreed to acquire telecom-equipment firm Nokia's fixed-wireless access CPE operations in a stock deal.

The U.S. economy expanded at a 2% rate in the first quarter, according to the Commerce Department, in the latest sign of economic resilience.

After an initial bout of rate anxiety in the wake of the Federal Reserve decision, investors grew comfortable buying into higher risk sectors such as communications services.

The leadup to the next Fed meeting could be more volatile, according to one brokerage. Investors will be uncertain whether [incoming Fed Chair] Warsh will try to shift the Fed back to a dovish track, accept the hawkishness but try and mitigate it, or explicitly join what appears to be a majority in shifting in a more hawkish direction and risk the president's wrath," said economists at brokerage Standard Chartered, in a note to clients.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 30, 2026 17:30 ET (21:30 GMT)

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