Communication Services ETFs Strengthen as Netflix Adopts Ad-Supported Services
July 15, 2022 at 15:03 PM EDT
Communication services and media sector-related exchange traded funds are strengthening Friday as Netflix (NasdaqGS: NFLX) shares rallied, following the online streamer’s partnership with Microsoft (NasdaqGS: MSFT) for lower-priced, ad-supported services. On Friday, the Vanguard Communication Services (VOX) rose 2.2% and the Invesco Dynamic Media ETF (PBS) increased 3.0%. Meanwhile, Netflix shares were 7.9% higher on [...] The post Communication Services ETFs Strengthen as Netflix Adopts Ad-Supported Services appeared first on ETF Trends .
