Communication ETFs fall to 18-month lows ahead of big tech earnings

Ahead of quarterly results from industry heavyweights $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ and $Meta Platforms(FB.US)$ , communication and telecom exchange traded funds touched 18-month trading lows on Monday. The group has seen significant selling so far this year, with the space representing the worst-performing market segment of the 11 S&P 500 sectors in 2022.
Falling to an 18-month trading low on Monday are the $Vanguard Communication Services ETF(VOX.US)$ $The Communication Services Select Sector SPDR® Fund(XLC.US)$ $Fidelity Covington Trust Msci Communication Services Index Etf(FCOM.US)$ $Ishares Global Telecom Etf(IXP.US)$ .
Big tech is on deck to report Q1 earnings this week, with headline names like GOOG,GOOGL and FB set to report on Tuesday and Wednesday. Both GOOG and FB will have major implications on the beaten-down XLC, VOX, FCOM, and IXP. The two stocks represent between 34%-43% of the above four ETFs.
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