Communications services companies fell sharply, as traders rotated out of high-risk sectors.
Recent optimism about inflation and the economic outlook has faded, as energy prices remain elevated and economists warn of a slowdown in the second half of the year.
Analysts warn that digital advertising will be particularly hard hit by changes to the economic outlook.
Facebook parent Meta Platforms fell Wednesday.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-17-22 1722ET
