Communications services companies surged after earnings reports from Facebook parent Meta Platforms and French advertising giant Publicis Groupe quelled worries about advertising trends.
Shares of Publicis rose after the owner of agencies such as Saatchi & Saatchi posted robust fourth-quarter organic revenue growth.
Shares of Google parent Alphabet fell in the wake of its earnings report after the bell Thursday.
Walt Disney shares rose after the entertainment conglomerate pushed back against activist investor Nelson Peltz's campaign to capture board seats.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-02-23 1713ET
