Communications Services Down on Retreat From Risk - Communications Services Roundup

Dow Jones05-08 05:16

Communications-services ticked down as traders retreated from high-risk sector due to doubts about the outlook for the Strait of Hormuz.

The average price of a gallon of gasoline in the U.S. is around $4.55, according to AAA.

A failure to reopen the Strait could drive fuel prices still higher, eating into consumer budgets for streaming services and other communications. Shares of Netflix ticked up, but are down 10% in the last month.

Warner Bros Discovery posted a huge loss in the first quarter after recording a $2.8 billion charge on its books for the termination fee paid to Netflix during a bidding war for the media and entertainment company.

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

(END) Dow Jones Newswires

May 07, 2026 17:16 ET (21:16 GMT)

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