Communications-services companies fell as confusion over trade policy weighed on some higher risk sectors.
Shares of Netflix fell by almost 2%. More defensive issues such as cell-phone carrier Verizon rose.
A unit of Japanese telecom giant Nippon Telegraph & Telephone plans to buy SBI Sumishin Net Bank in a deal valuing the major Japanese internet-banking services provider at $5.1 billion, part of efforts to strengthen its financial-services business.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 29, 2025 17:45 ET (21:45 GMT)
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