XLC is trading 1.6% up today at $113.29, outperforming the broader market as lower inflation supports risk assets and ad-driven platforms.
- Sentiment is bolstered by sector news including Netflix’s exclusive MLB Home Run Derby streaming deal, which underscores the growth potential of live sports and advertising within the communication services space.
- The move reflects broad strength across major holdings as the sector benefits from a favorable macroeconomic backdrop for growth-oriented and media-heavy names.