Communications services companies rose as traders rotated back into cyclical sectors in light of strong jobs data.
Paramount Global shares rose after a Reuters report that billionaire and former Paramount executive Barry Diller's IAC is exploring a bid for Paramount, after talks between the parent of CBS and Nickelodeon and David Ellison's Skydance Media fell apart in June.
Sam Altman's cryptocurrency startup Tools for Humanity named a former X executive as its first head of privacy.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-02-24 1653ET
