Communications-services companies declined as traders retreated from risky sectors in light of new tariff threats.
Shares of ad-agency conglomerate WPP continued their retreat, amid signs that the ad industry is reeling from artificial-intelligence competition.
Chicago Federal Reserve President Austan Goolsbee warned that he would be unlikely to support a rate cut given the likelihood of new tariffs.
"We still think there is room for the announced tariffs to be negotiated down," said economists at brokerage Bank of America Global Research, in a note to clients. "But even if they are, policy uncertainty could make it harder for the Fed to cut."
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-11-25 1731ET
