Communications services companies rose as traders rotated into growth sectors, betting that the Federal Reserve would bring inflation to heel.
Signs that commodities prices were spiraling upward have spurred a rotation out of growth sectors such as communications services and technology and into value sectors such as materials and energy. The Fed's warning that it was monitoring inflation caused that trend to reverse itself.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-17-21 1708ET
