Level 3 Rally Powers Telecom ETFs
May 10, 2011 at 12:40 PM EDT
Telecom exchange traded funds were among Tuesday’s best-performing sectors as a 5% rally in Level 3 Communications (NasdaqGS: LVLT) carried the group higher. Level 3 shares were close to setting a new 52-week high as investors continued to bid the stock higher in the wake of the company’s recent...