The Communications Services sector was the worst performing in a broad stocks selloff fueled by the prospect of steep borrowing costs in the U.S.

The Communications Services sector was the worst performing in a broad stocks selloff fueled by the prospect of steep borrowing costs in the U.S.

June 18 : Shares of Elon Musk's rockets-to-AI firm SpaceX dropped nearly 9 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable…

Shares of communications services companies rose following the signing of a deal between the U.S. and Iran.

SpaceX shares fell more than 6% as the rally after the largest IPO in history cooled, though the stock held above its $135 offering price.