Telecoms Higher Amid Cyclical Rotation -- Telecoms Roundup

FeaturesDow Jones Newswires

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

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.

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Rob Curran,

(END) Dow Jones Newswires

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