In One Chart: FB Drags New Comm Services Sector

The new S&P 500 Sector, dubbed “Communication Services”, officially launched on September 28th. But the Communication Services Select Sector SPDR® ETF (XLC), which tracks the S&P 500 sector, has been live since June 18th. Communication Services is the new GICS Sector Classification that is replacing S&P’s old Telecommunication Services. It is considerably larger than its predecessor and … Continued