Communications services companies declined as traders fled risky sectors.

Chinese smartphone maker Xiaomi said its first-quarter net profit and revenue beat expectations, as sales of smartphone-, Internet-of-Things- and lifestyle products rose.

The Justice Department and more than two dozen states sued Live Nation, alleging the entertainment giant has a monopoly in ticketing and concert promotion and should be broken up.

Write to Rob Curran at

(END) Dow Jones Newswires

05-23-24 1712ET