Communications services companies fell sharply as concerns about Middle East conflict and interest rates weighed on high-risk sectors.
Shares of Trump Media & Technology Group plunged after the social-media company filed for the sale of a large amount of shares so its stockholders — including Donald J. Trump — could cash in. Trump is facing financial pressures as costly legal actions coincide with expensive campaign requirements.
Netflix shares fell ahead of the streaming service’s hotly anticipated earnings report. “When they reported last quarter … they were succeeding with their plan … making it more difficult for folks to use the same log-in.”
Warren Buffett’s investment firm, Berkshire Hathaway, continued to accumulate shares of Liberty Sirius XM Holdings and now holds more than 30% of the satellite-radio firm’s holding company.
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