Thomson Reuters faced significant pressure, with shares sliding following a third-quarter earnings report that revealed a decline in profitability. The publisher struggled to meet investor expectations, marking a rare stumbling block for the information giant in an otherwise volatile trading environment.

Conversely, Fox Corp. shares surged after JPMorgan analysts raised their price target for the cable broadcaster. This bullish outlook provided the necessary momentum for the stock to outperform its peers, highlighting a clear preference for media assets buoyed by favorable brokerage assessments over those grappling with immediate earnings headwinds.