Twitter takes top weekly loss in Communications stocks, while Roblox rebounds (NYSE:RBLX)

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A Friday rally took the edge off, but Communications Services stocks still reversed to another down week in 2022 – outperforming the broader market but still weighed down by heavy sell-offs in the past several days.

The Communication Services Select Sector SPDR Fund (XLC) in fact sank to a 52-week low on Thursday at the open. The week’s overall decline of 0.6% brings the fund’s 2022 performance to -24.6%.

And performance among individual names showed…

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