Communications Services up on Rotation from AI Bets

Dow Jones
Yesterday

Communications-services companies rose as traders rotated into sectors less tied to the artificial-intelligence boom.

Shares of Netflix recouped some of their recent losses.

Broadband provider Cable One is nearing a deal to raise roughly $1.25 billion in new financing to address its balance sheet.

Spotify shares rose after the Swedish streaming giant renewed a deal with broadcaster Joe Rogan.

 

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