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Communication services stocks elevate Wall Street

Updated : September 28, 2018 06:28 AM IST

Eight out of 11 sectors rose, with the S&P 500 communication services index, recently renamed and reconstituted with Facebook, Google-parent Alphabet and other internet and media stocks, jumping 0.80 percent.
Alphabet rose 1.20 percent and Facebook climbed 1.13 percent, both helping lift the S&P 500.
Amazon.com gained 1.93 percent after upbeat comments from brokerage Stifel about the company's retail, cloud, and advertising businesses. The online retailer opened a brick-and-mortar store in New York City on Thursday.
Communication services stocks elevate Wall Street

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