Communications-services companies ticked up as traders rotated out of the technology sector.
Shares of major carriers AT&T and Verizon fell, but not by as much as the broad market, due to their evergreen, defensive nature.
Finnish telecom services firm Nokia despite launching a $30 million expansion of its semiconductor advanced test and packaging operations in Allentown, Pa., as traders retreated from artificial-intelligence bets.
Swedish telecom-services firm Ericsson said Chief Executive Officer Borje Ekholm decided to step down after more than nine years at the helm, and named company veteran Per Narvinger as his successor.
Write to Rob Curran at rob.curran@dowjones.com
