S&P 500 Gains and Losses Today: Paramount Global Sinks as Sony Reconsiders Bid

Key Takeaways Paramount Global (PARA) shares suffered the S&P 500's steepest decline, plunging 5.2% amid reports that Sony Pictures could be having second thoughts about its offer to acquire the media giant. Sony and private equity firm Apollo Global Management expressed interest earlier this month in purchasing Paramount for $26 billion in cash. Major U.S. equities indexes hovered close to their flatlines for most of the session before rallying in the afternoon to end Tuesday higher. A report released in t ...