Communication services sector lagging broader market
The S&P 500 is up 0.4%, and the Russell 2000 is up 0.5%. Despite the outperformance of the mega-caps today, the communication services sector (-0.2%) is trading lower. A closer look inside the sector shows that Facebook (FB 312.98, -0.18, -0.1%) set an all-time high in early action, but it's since struggled below its flat line. In addition, the sector isn't getting any help from heavyweights AT&T (T 30.04, -0.37, -1.2%) and Verizon (VZ 57.65, -0.73, -1.3%). Looking ahead, Levi Strauss (LEVI 25.09, +0.63, +2.6%) will report earnings after the close.