Communications services companies rose after strong AT&T earnings. The company posted better-than-expected earnings, as the number of customers who signed up for its plans over the final quarter of 2024 topped Wall Street estimates. Shares of the cell-phone giant tested highs not seen since before the pandemic.
Universal Music Group rose after the music label said it signed a multiyear agreement for recorded music and music publishing with Spotify.
Shares of companies that provide data-center services plunged amid fears that U.S. corporations will cut back on tech-infrastructure spending following rock-bottom estimates of Chinese expenses building artificial-intelligence models.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 27, 2025 17:39 ET (22:39 GMT)
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