Communications services companies rose as investors rotated into value sectors such as financials, seen as more sensitive to rising Treasury yields.
Shares of newspaper publishers rose slightly after Facebook said it would spend at least $1 billion to license material from news publishers over the next three years, a pledge that comes as tech giants face scrutiny from governments around the world over paying for news content that appears on their platforms.
Shares of Facebook, which has been embroiled in controversy over its efforts to block Australian legislation requiring payment for news services, fell slightly.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-24-21 1730ET
