Communications-services companies rose as subsiding geopolitical tensions spurred risk appetite.

Paramount Skydance extended the deadline on its tender offer for Warner Bros.

Discovery to Feb. 20 and urged shareholders on Thursday to reject the latest offer from rival suitor Netflix.

Netflix continued its retreat amid concerns about the sustainability of the streaming service's subscriber growth.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

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