Communications services companies fell sharply as traders hedged their bets on the outlook for growth in the sector.
American Tower posted higher first-quarter net income and boosted its revenue projection for the year as usage of the real-estate investment trust's data centers and cell towers picked up following a postpandemic slump.
Paramount Global shares slid as hopes for a rapid end to the firm's merger saga.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-30-24 1742ET
