Media Stocks Mixed Amid Writers Strike, Fed Interest Rate Hike

📆 04/05/2023 00:07:00
📰 Variety

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Shares of media companies stayed relatively tranquil Wednesday amid the work stoppage imposed by the WGA’s writers strike and another interest rate increase by the Federal Reserve. Writers Gu…

. Meanwhile, the Fed on Wednesday raised its benchmark policy rate by 0.25%, to a new range of 5% to 5.25%, which is the highest it’s been since September 2007.

Media company stocks saw a muted response. Gainers on the day included Warner Bros. Discovery , Netflix , Disney and Lionsgate . Companies ending lower after regular trading Wednesday included Paramount Global , NBCUniversal parent Comcast , Fox Corp. and AMC Networks .

Write Comment

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:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Global stocks mixed after bank failureGlobal shares were trading mixed Tuesday with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure.
Source: wjxt4 - 🏆 246. / 63 Read more »