Communications services companies rallied as inflation fears faded.
Fox Corp. shares rose after the broadcaster posted an increase in quarterly sales, helped by increased demand for advertising.
Walt Disney shares rose ahead of the entertainment conglomerate's fiscal third-quarter earnings report, expected to show robust growth in earnings and revenue.
Disney rival Netflix also rallied as fears about media consumption budgets were eased by the July inflation report.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-10-22 1702ET
