Tech Drag From Comm Services Weakness
Communication services sector weakness is dragging down broad market indices
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Tech shares continue to add pressure to the indices, Alphabet in particular, which fell another 4% on Tuesday to mark its fourth day of losses in the last five sessions. The stock has been underperforming since Google announced changes to its AI labs division last week."
"The Nasdaq Composite falling over 100 points on Wednesday with a 0.44% decline, while the Dow traded up 0.79%"
"The Nasdaq composite fell 0.2%, its fourth straight loss."
"In trading on Thursday, communication services stocks fell by 4.4%. Following the market opening Thursday, the Dow traded down 0.95% to 51,720.30 while the NASDAQ declined 1.58% to 25,286.26."