On July 17th, the communication sector experienced a significant decline. $AT&T Inc(T)$ and $Verizon(VZ)$ , with respective drops of approximately 6.7% and 7.5%, were among the bottom-performing companies in the $S&P 500(.SPX)$.The cause of this decline was the downgrade of AT&T's rating by $JPMorgan Chase(JPM)$ over concerns about the progress of its wireless and broadband businesses. Recent discussions with management revealed lowered expectations for wireless (reduced in May and June) and broadband (June) performance. AT&T is facing relatively less pressure in its mobile business (from Verizon,
Will small-cap gains continue?
Small-cap stocks in the United States have started to catch up. --------- How do you view the rally of IWM? Is it time for small-cap? Will small-cap gains continue?
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