Communications services companies rose after strong earnings from Walt Disney.
Shares of the entertainment conglomerate rose after it posted third-quarter revenue in excess of Wall Street targets, helped by strong box-office receipts for its summer movies, including "Toy Story 4" and demand for ESPN sports content.
Disney received a further lift from reports that incumbent streaming player Amazon.com agreed to carry Disney's new streaming service on its Fire TV devices.
"Disney last night, again, was positive; there've been a host of companies in various sectors that have assuaged fears that the economy is teetering on a precipice," said Quincy Krosby, chief market strategist at Prudential Financial.
Shares of News Corp., the publisher of this newswire, The Wall Street Journal and other publications, swung to a quarterly loss, hurt by an impairment charge at its in-store marketing and coupon business, and the effects of foreign-exchange translation.
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