Communications services companies rose as investors rotated back into growth sectors.

The British competition regulator said it's investigating Penguin Random House's proposed acquisition of rival publisher Simon & Schuster, a deal that would create a behemoth in the book industry.

Shares of cable giant ViacomCBS advanced, continuing a long winning streak, after analysts at research firm Benchmark said skepticism about its growth plans for streaming service Paramount + was overdone. 


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

(END) Dow Jones Newswires

03-22-21 1732ET