Telecoms Higher Amid Cyclical Rotation -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically cyclical areas.

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The return of the "Trump trade," where investors seek out cyclicals as a bet on economic stimulus from tax and regulation cuts, has hurt the performance of defensive sectors such as telecoms and utilities this week.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 29, 2017 17:14 ET (21:14 GMT)