Entertainment industry stocks on Monday hit new 52-week lows or were trading near their year lows amid the latest coronavirus-driven stock market drop. Trading was briefly halted as the S&P 500 stock index plunged 7 percent.
The same was true for Fox Corp., which went as low as $26.38 in early trading, Discovery, which went down as far as $23.65, and AMC Networks, whose stock set a 52-week low of $25. Sony Corp.'s U.S. shares were an exception as they, despite a more than 6 percent decline, only went as low as $58, compared with their 52-week low of $41.91. Even Netflix, which some analysts have called a potential beneficiary of coronavirus if it leads consumers to stay home more, saw its shares fall more than 5 percent to below $350, but it stayed well above its 52-week low of $252.28.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks and oil prices plunge over global fight for crude productionGlobal stock markets and oil prices have plunged after a squabble among crude producers jolted investors who already were on edge about the rising costs of a virus outbreak Love to see it.
Source: latimes - 🏆 11. / 82 Read more »
Stocks, oil prices plunge as virus closes sites around worldWhat you need to know, from AP Morning Wire: • Italy quarantines 16M to combat virus as global stocks drop • Exclusive: Juul donated tens of thousands to state attorneys general • Pot entrepreneurs flock to Bible Belt for low taxes SUBSCRIBE: Potrepreneurs
Source: AP - 🏆 728. / 51 Read more »
Coronavirus shock, oil crash sinks world stocksWorld stocks plunged and crude oil prices tumbled as much as 33% after Saudi Arabia launched a price war with Russia good for the consumers 📌 Together with coronavirus, may be just the right ingridients for a.recession
Source: Reuters - 🏆 2. / 97 Read more »
Virus closes sites around the world; stocks, oil prices sinkAnxiety over the new coronavirus virus outbreak is sending stock and oil prices plunging even as many of Beijing's white-collar workers are returning to their offices BernieSanders and JoeBiden have told Americans to believe in science and to listen to the CDC and medical experts concerning the CoronavirusOutbreak. Trump would have you believe in him and what he says. YOU choose the best way to survive the pandemic! Bir böcek ilacı mı?🤔🤔🤔🤧 If just one billionaire tanks and jumps then it will all be worth it.
Source: ABC - 🏆 471. / 51 Read more »
Oil stocks hammered after Saudi Arabia triggers price crashA version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. ChristineRomans - ChristineRomans CNN basking in the .0004% of the entire world's population being infected as they continue to spread panic in order to crash world economies in order to try and get Trump out of office. So can we finally close the borders CNN?
Source: CNN - 🏆 4. / 95 Read more »
Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%. Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage! it's not a pandemic, it a media-driven panic Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
Source: CNBC - 🏆 12. / 72 Read more »