Telecoms Up Slightly on Cyclical Bias -- Telecoms Roundup

FeaturesDow Jones Newswires

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

"As the US economy moves from a disinflationary boom to a more inflationary growth cycle ... [there's likely to be a] rotation towards new macro winners financials, industrials and energy," said analysts at brokerage Jefferies, in a note to clients.

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Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 12, 2018 16:43 ET (21:43 GMT)