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State Street Communication Services Select Sector SPDR ETF
As of May 30, 2026 at 09:05 UTC
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About State Street Communication Services Select Sector SPDR ETF
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Latest News
5 articlesAT&T announced a $19 billion investment plan to expand fiber and wireless networks across California through 2030, bringing total state investment to $35 billion over the decade. The company also launched 'Build-A-Plan,' a customizable wireless service starting at $15/month, and reaffirmed its 2026-2028 guidance with projected low-single-digit service revenue growth and improving EBITDA growth.
AT&T, Verizon, and T-Mobile have agreed to collaborate on reducing wireless dead zones across the U.S. through pooled spectrum resources and joint investments in satellite-enabled direct-to-device technology. The partnership aims to improve coverage in rural and underserved areas. However, AT&T's stock is currently underperforming its sector, trading 4.2% below its 20-day moving average with fading momentum.
Netflix beat Q1 revenue and earnings estimates but provided softer Q2 guidance. The company plans to roll out a vertical video feed on mobile later this month to boost user engagement with shorter-form content. JPMorgan maintains an 'Overweight' rating with a $118 price target, citing strong global scale with 325+ million subscribers and growth potential from the new mobile strategy.
AT&T and Citigroup launched enhanced benefits for the AT&T Points Plus Card, allowing customers to save on bills and earn rewards with no annual fee. AT&T also announced a $2 billion investment to upgrade emergency communications infrastructure through FirstNet, cutting costs by $1 billion to accelerate 5G deployment. However, AT&T shares declined 0.11% to $26.15, trading below key moving averages and showing short-term weakness despite the Communication Services sector gaining 0.20%.
Charter Communications announced the launch of its Spectrum TV App on Google TV and Android TV OS devices, expanding its streaming capabilities. The stock is trading near its 52-week high with bullish short-term momentum, though it remains 4.3% below its 200-day moving average. Charter is set to report earnings on April 24, 2026, with analysts maintaining a Hold rating and average price target of $258.11.
