Wall St Week Ahead Defensive stocks may be ripe for reversal after stellar December

Investors have piled into traditionally defensive stocks in the last weeks of the year, spurring a rally some believe may lose steam early in 2022. The S&P 500’s top performing sectors this month are consumer staples (.SPLRCS), real estate investment trusts (.SPLRCR), healthcare (.SPXHC) and utilities (.SPLRCU). Each of the sectors, which are viewed as […]

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U.S. officials ask AT&T, Verizon to delay 5G wireless over aviation safety concerns

U.S. Transportation Secretary Pete Buttigieg and the head of the Federal Aviation Administration (FAA) on Friday asked AT&T (T.N) and Verizon Communications (VZ.N) to delay the planned Jan. 5 introduction of new 5G wireless service over aviation safety concerns. Buttigieg and FAA Administrator Steve Dickson asked AT&T Chief Executive John Stankey and Verizon Chief Executive […]

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