Communications services companies rose sharply after strong earnings in the sector.
Verizon Communications shares saw their biggest gains in 15 years after the carrier reported surprisingly strong growth in cell-phone subscribers and boosted its free-cash-flow projection for the year.
Audio-streaming giant Spotify Technology rallied after the Swedish music-industry powerhouse turned a surprise profit in the third quarter as subscriber and listener growth topped expectations.
Shares of T-Mobile US fell even after the carrier approved a $19 billion shareholder-return program to run through 2024 that includes both stock buybacks and dividends.
A coalition of 41 states and the District of Columbia are filing lawsuits alleging that Meta Platforms has intentionally built its products with addictive features that harm young users of its Facebook and Instagram services.
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