Communications services companies fell sharply as traders retreated from some high-risk niches.

Paramount Global shares slid amid skepticism about the Hollywood studio's prospects of selling itself at a premium.

Shares of Terran Orbital surged after the satellite-products maker disclosed that it received an unsolicited all-cash buyout proposal from Lockheed Martin Corp.


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

(END) Dow Jones Newswires

03-04-24 1759ET