Communications services companies fell, but not by as much as the broad market, as the sector sustained some of its upward momentum.
The communications services industry group is sporting the biggest gains of any of the 11 S&P 500 sectors, carrying through momentum from 2023, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
Sports-centric streaming service FuboTV sued the media companies behind a new sports-streaming platform scheduled to launch this fall, alleging they thwarted the company's attempts to offer a similar service.
A federal appeals court tossed a $1 billion verdict won by music publishers against Internet provider Cox Communications, ordering a new trial on how much the internet provider should owe in damages for illegal downloads by its customers.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-20-24 1804ET
