Shares of communications services companies rose following the signing of a deal between the U.S. and Iran.

SpaceX stock continued to trim its post-IPO gains. Despite the shares coming modestly back to Earth, a number of analysts still see major upside for SpaceX stock. The company is also planning a $20 billion bond sale.

Rumble said it would change its name and tweak its business structure, becoming the latest company to promise an artificial-intelligence pivot. The video-sharing platform said it had closed the acquisition of Northern Data, the German AI infrastructure company it agreed to buy in November.

Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires