Communications services companies rose as traders rotated into growth sectors from value sectors.

The Federal Trade Commission will be the agency to review Amazon.com's proposed acquisition of Hollywood studio MGM, just as new chairwoman Lina Khan, who has been critical of the online giant's expansion, takes the reins at the antitrust monitoring agency.

Vivendi shareholders approved the French media conglomerate's plan to spin off its Universal Music Group unit, bringing the world's largest music company a step closer to becoming its own public entity.

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

(END) Dow Jones Newswires

06-22-21 1706ET