Communications services companies rose as fears about the streaming industry faded.
Shares of Netflix rose by roughly 5% and are roughly double their levels as fears that its subscriber-growth had peaked diminished in the wake of a strong earnings report.
Spotify rose after the Swedish music-streaming service unveiled plans to lay off 600 workers worldwide.
Bloomberg LP, the financial news and data business relied on by much of Wall Street, has admitted misleading customers of a key securities pricing product for which it will pay a $5 million fine, the Securities and Exchange Commission announced.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-23-23 1727ET
