Communications-services companies rose, but not by as much as the broad market, after a mixed reception of deal activity.
Broadcast company Fox, which has some ownership overlap with the publisher of this newswire, slid after it agreed to acquiring streaming company Roku in a deal worth around $22 billion, including debt.
Fox Chief Executive Lachlan Murdoch said the broadcast company's live offerings complimented Roku's aggregated and wide-reaching streaming platform.
Meta Platforms surged alongside other AI firms even as the United Kingdom said it would restrict access to social media for children under the age of 16 in a law that other nations may soon seek to emulate.
The Justice Department's senior leadership closed an investigation of Paramount Skydance's bid for Warner Bros. Discovery before career staffers who were concerned about the acquisition had an opportunity to object, The Wall Street Journal reported.
