Warner Bros. Discovery Inc. (NasdaqGS: WBD) shares plunged, dragging down communication services sector-related exchange traded funds after the multinational mass media conglomerate revealed a steep loss in its latest quarterly earnings report. The Communication Services Select Sector SPDR Fund (XLC) declined 1.2% on Friday. Meanwhile, Warner Bros. Discovery shares plummeted -16.5% on Friday. WBD makes [...] The post Communication Services ETF Weakens After Warner Bros. Discovery Q2 Miss appeared first on ETF Trends .