Communications services companies were more or less flat as traders hedged their bets on the outlook.
Trump Media & Technology Group Truth Social's parent company started trading Tuesday after its merger with Digital World Acquisition.
Shares of AMC Entertainment were trading sharply lower after the movie-theater chain said it would sell to $250 million worth of stock through an at-the-market offering.
Spotify Technology will introduce new features that will help Universal Music Group artists promote new releases and better engage with their fans as part of an expanded partnership between the streaming giant and the record label behind the Weeknd, Billie Eilish and Taylor Swift.
Several investors including money manager Neuberger Berman said they are grappling with whether Disney's board is capable of choosing a strong successor to Chief Executive Bob Iger ahead of Walt Disney's April 3 meeting. This could sway the proxy vote for candidates put forward by activist investor Nelson Peltz's Trian.
Advertising-trend tracker Magna has increased its 2024 forecast for U.S. advertising spending, pointing to an improving economic outlook and strong momentum in digital formats such as social media and streaming video.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-28-24 1735ET
