Communications-services companies fell amid fears about gasoline prices putting stress on consumer spending.
Shares of French telecom conglomerate Vivendi fell after a Paris court ruled that the family of investor Vincent Bollore did not have de facto control of the company, dashing hopes for a full takeover.
Analysts at brokerage Wells Fargo warned that T-Mobile US, AT&T and Verizon will face competitive pressure from SpaceX's plans to offer phone and broadband service through its Starlink satellite unit.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
