Media Stocks Gain as Equities Soar Despite Political Uncertainty

  • 📰 Variety
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Media shares rode the rising tide of equities markets on Thursday as the Dow and other key indices soared despite the uncertainty over the outcome of the presidential election. The Dow Jones Indust…

Media shares rode the rising tide of equities markets on Thursday as the Dow and other key indices soared despite the uncertainty over the outcome of the presidential election.

The Dow Jones Industrial Average was up more than 600 points in the first hour of trading, or a 2% spike. The Nasdaq gained more than 250 points while the S&P 500 climbed more than 70 points. Among media stocks, the big gainers of the morning included Nexstar, which reported solid third-quarter earnings before the market opened that assuaged investor fears about the possible collapse of local TV advertising revenue amid the coronavirus pandemic. Nexstar shares were up more than 7% in the first hour of trading to around $87.15.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ReleaseTheSnyderCut trailer again

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:

 /  🏆 108. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines