🟢 Communications ETF (FCOM) is trading 1.66% up today, rebounding from Friday’s close

FCOM is trading at $73.08, up +1.66% in a rebound from Friday’s close.

• SpaceX’s reported $8 billion spectrum purchase fueled worries about new wireless competition and pressure on AT&T, Verizon and T-Mobile.
• FCOM is heavily weighted toward Meta and Alphabet, so its move need not match telecom stocks; broad-market readings are mixed, not a clear market-wide tailwind.