Communications-services companies fell amid concerns about the impact of oil prices on discretionary spending.
A coalition of 12 states led by California is suing to block Paramount's $81 billion acquisition of Warner Bros. Discovery, presenting the biggest obstacle for a deal that will combine two of Hollywood's biggest producers and distributors of entertainment and news content. Shares of Warner and Paramount rose, however.
The European Union is working to curb minors' access to social media with a proposal likely to land after the summer, as a growing number of countries move to restrict young people's use of the platforms.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
