Twitter, Facebook earnings on deck boost communications ETFs to 2-week high

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Communications-services exchange-traded funds rallied Thursday, as media giants led the market rebound. Companies like Facebook Inc. and Twitter Inc. were among the biggest gainers in the S&P 500 , up more than 7 and 5%, respectively, in the late morning. That helped the Communications Services Select Sector SPDR fund atop all 11 ETFs tracking the sectors of the index, up 2.4%. The ETF, and competitors like the Fidelity MSCI Communications Services Index ETF and the Vanguard Communications Services ETF , are on track for their biggest daily gain since Oct. 12. Facebook, Twitter, and several other heavyweights are due to report earnings after the closing bell Thursday.
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