Communications services companies were little changed, weighed down by a 4.6% drop in Paramount Global shares following the news that Warren Buffett's Berkshire Hathaway pared its holdings in the company. Shares in Google parent Alphabet fell 2.2% after reports that rival OpenAI could be planning to launch its own web search tool. Apple lost 0.2% and Meta Platforms rose 2.3% after the Facebook parent published instructions encouraging advertisers to use a workaround to avoid paying a 30% service charge to Apple. Berkshire Hathaway trimmed its flagship position in Apple last quarter, a filing showed after the market closed on Wednesday. Write to Patrick Sullivan at patrick.sullivan@wsj.com(END) Dow Jones Newswires02-15-24 1857ET

Source: Wall Street Journal February 16, 2024 12:02 UTC