Communications services companies ticked down as traders backed away from high-risk areas.

Walt Disney's Pixar Animation Studios is laying off around about 14% of its workforce as parent company Disney seeks to cut costs and scale back the volume of content made exclusively for streaming.

Shares of Truth Social's parent company Trump Media & Technology fell after the firm posted less than $1 million in first-quarter sales and a big operating loss.

Write to Rob Curran at

(END) Dow Jones Newswires

05-21-24 1757ET