Media Stocks Lead Market Surge On Stimulus, Reopening, Streaming; AMC Entertainment, Discovery, Live Nation Pop

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Showbiz shares sparkled Monday starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts. Johnso…

Showbiz shares sparkled Monday starting off March with a major market rally around reopening, another vaccine rollout, a stimulus bill and a combo of upbeat earnings and streaming forecasts.

The DJIA surged more than 700 points, or nearly 2.3% and other indexes jumped too with about 95% of all stocks higher today and entertainment a standout from exhibition to TV to live events.shares gained 14% with New York City set to reopen theaters Friday after a year dark. The volatile stock is benefitting in part from renewed love on Reddit where investors have been tipping back into select shares led by GameStop. Other exhibitors saw bumps from Cinemark to Imax and Marcus .

 

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