Communications services companies fell sharply amid mixed earnings.

Gains for Meta Platforms, Verizon and Netflix have driven the communications services industry group to be the leading sector for 2024 to date, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

British carrier Vodafone Group's fiscal third-quarter revenue fell due to the sale of its Hungarian unit despite further growth at its business segment.

Social-network concern Snap plans to reduce its work force by about 10% to trim costs as the Snapchat parent company grapples with a soft advertising market.

CNN is revamping its morning lineup, the latest in a series of programming changes that come as the network is seeking to counter a ratings slump.


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

(END) Dow Jones Newswires

02-05-24 1828ET