Stocks in the U.S. communications services rose amid well-received regulatory news.
SpaceX shares traded below their $135 IPO price for the first time Wednesday, a sign of waning enthusiasm for the biggest listing of all time.
The Federal Communications Commission said it would vote early next month on an order repealing a limit on the ownership of TV stations.
Nexstar Media, which owns more than 200 television stations spanning the U.S., was among the stocks that surged after the FCC announcement.
The union representing Hollywood screenwriters sued to block Paramount's $81 billion acquisition of Warner Bros. Discovery, after a coalition of 12 Democratic state attorneys general challenged the transaction.
