Communications services companies rose, but not by as much as the broad market, as meme stocks gave back some of their recent gains.

AMC Entertainment Holdings shares plunged, giving back a chunk of its advance from the rally of the past two days, after the cinema operator disclosed that it will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of bonds that mature in 2026.

Netflix will stream at least one NFL game globally on Christmas Day for the next three years, the streaming giant announced, marking the company's biggest bet on live sports yet.

Write to Rob Curran at

(END) Dow Jones Newswires

05-15-24 1744ET