Communication Services Sector Sees Mixed Results Amid Weaker Jobs Report and Interest Rate Reassessments.

The Communication Services Select Sector SPDR ETF (XLC) gained 3.1% last week, led by Alphabet's performance. The sector's growth came despite a mixed market, driven by investors reassessing interest rate bets after a weaker-than-expected August US jobs report. Notably, The Trade Desk lagged behind other top communication services companies.

The Communication Services Select Sector SPDR ETF (XLC) gained 3.1% last week, driven by strong performance from Alphabet Inc. (GOOGL) and Fox Corporation (FOXA). This growth came despite a mixed market environment, influenced by investors reassessing interest rate bets following a weaker-than-expected August U.S. jobs report [2].

Key contributors to XLC's performance include Alphabet, which added 11.04% and 10.74% for GOOGL and GOOG respectively. Fox Corporation gained 3.43% and 3.08% for FOXA and FOX respectively. Match Group (MTCH) also moved up by 3.05% [2]. Notably, The Trade Desk (TTD) lagged behind other top communication services companies.

The sector's resilience is a testament to the enduring strength of communication services companies, even in the face of economic uncertainty. As the market continues to digest the latest economic data and adjusts to evolving interest rate expectations, investors should keep a close eye on the performance of communication services companies and the broader market.

References:
[1] https://www.investing.com/etfs/communication-services-select-spdr
[2] https://seekingalpha.com/news/4492905-top-communication-services-gainers-and-losers-alphabet-leads-the-trade-desk-lags