Communications-services companies rose, but not by as much as the broad market, amid mixed earnings and deal developments.

Swedish streaming service Spotify reached a milestone of 300 million premium subscribers in the second quarter while growing revenue by 14%.

A March 2027 court date was set for Paramount Skydance, which will face a dozen states opposing its $81 billion takeover of Warner Bros. Discovery in a California court.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires