Communications services companies rose sharply as traders bet the sector would see more consolidation.
Shares of Paramount Global, which has been rumored to seek deal partners, rose, entering positive territory for the year to date.
Shares of communication-software maker Twilio rallied after co-founder and chief executive Jeff Lawson said he is stepping down.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-08-24 1824ET
