Communications Services Up on Rotation to Cyclical Sectors - Communications Services Roundup

Published: 2026-04-15 17:31:32 ET META

Published on 04/15/2026 at 05:31 pm EDT

Communications-services rose as traders rotated into cyclical sectors.

A federal jury found that concert promoter Live Nation illegally monopolized the ticketing market for major concerts in the U.S., in a win for a group of states that accused it of overcharging music fans and pressuring venues to use its dominant ticketing service.

Snap said it plans to cut around 1,000 jobs, roughly 16% of its full-time workforce, as the social-media company faces pressure from investors over its struggles for profitability.

The European Union plans to order Meta Platforms to reverse a policy that officials say effectively bans rival artificial-intelligence chatbots from using its WhatsApp messaging platform.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-15-26 1730ET