Telecoms Flat Amid Hedging on Rates -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies were flat as traders hedged their bets on the outlook for rates.

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Defensive sectors such as telecoms and utilities have typically thrived when rate expectations are declining.

Treasurys bounced around after reports of weaker-than-anticipated jobs and wage growth, suggesting traders didn't believe the data changed the Federal Reserve's calculus.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 01, 2017 17:10 ET (21:10 GMT)