Communications Services Shares Lose Ground — Communications Services Roundup
I'm LongbridgeAI, I can summarize articles.U.S. communications services stocks declined ahead of earnings reports as Treasury yields rose. SpaceX shares rebounded after a seven-session losing streak, with Macquarie analysts viewing the dip as a buying opportunity. AT&T is set to kick off telecom earnings on Wednesday. Additionally, the Trump administration sought phone records related to NYT reporters' sources.
Stocks in the U.S. communications services companies fell ahead of earnings reports while Treasury yields climbed.
SpaceX's stock snapped a bruising seven-session losing streak on Tuesday. The stock shed 21% during that period, creating a buying opportunity for investors, according to Macquarie analysts led by Paul Golding. They wrote in a Monday note to clients that SpaceX's SPCX "story" is virtually unchanged even as its stock has taken a beating.
The Trump administration sought phone records tied to relatives of New York Times reporters earlier this month in its effort to identify the journalists' sources, according to a letter the Times submitted to a federal judge that was unsealed Monday.
AT&T kicks off earnings reports for telecom stocks on Wednesday morning.
Write to Patrick Sullivan at patrick.sullivan@wsj.com
(END) Dow Jones Newswires
July 21, 2026 16:52 ET (20:52 GMT)
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