Communications Services Down Sharply on Flight From Risk -- Communications Services Roundup

Communications services companies fell sharply as traders rotated out of high-risk sectors.

Cloud communications concern Avaya Holdings, recently adopted by the "meme" trader crowd, fell sharply.

Warner Music Group named departing YouTube business chief Robert Kyncl as its next chief executive, betting on a tech veteran as the industry expands into social media, gaming and the metaverse.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

09-21-22 1709ET