Shares of several companies in the broader communication services sector, including Walt Disney Co (NYSE:DIS), are trading higher as stocks rebound following a steep selloff over the past month, which was driven by concerns of Fed policy tightening going into 2022.
The broader market has been pressured during the month of January amid a rise in Treasury yields, which has pressured company valuations. The 10-year Treasury yield reached a 2-year high of around 1.8% during the month of January.
