Communication services sector declines in October; Reddit leads losses

Oct 31, 2026, 9:05 AM ETState Street Com Svc Sel Sec SPDR ETF (XLC), DIS Stock, ECHO Stock, OMC Stock, CMCSA Stock, LYV Stock, RDDT Stock, APP Stock, GOOG Stock, GOOGL Stock, META Stock, SKYD StockBy: Tiyashi Datta, SA News Editor

The communication services (XLC) declined over 9% in October amid a turbulent sell off fueled by growing investor scrutiny over the massive AI-related investments and disappointing results from big names including Alphabet and Meta Platforms.

Communication Services Sector October Scorecard

Source: seekingalpha.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.