News Formal

Media Stocks Mixed as Markets Tumble Toward Bear Territory

  • 📰 Variety
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Amid fears of a looming global recession, shares of media companies had a mixed day of trading Friday as major market indexes marked their the longest string of weekly losses in decades. The S&…

Amid fears of a looming global recession, shares of media companies had a mixed day of trading Friday as major market indexes marked their the longest string of weekly losses in decades.

The S&P 500 index closed flat thanks to a late-session rally, but it was down for the week and is off 18.7% year to date, on the edge of the unofficial 20% threshold indicating a bear market. The Nasdaq Composite, weighted toward the tech sector, slid 0.3% Friday and is off 28% since the beginning of 2020. For both indexes, it’s their longest streak of weekly losses since the 2001 dot-com bust.

The Dow Jones Industrial Average also was essentially flat Friday, down 2.8% for the week. That marked its eighth straight weekly loss, the longest since 1932, according to market analysts.ended the day in positive territory. Those included Warner Bros. Discovery , Paramount Global and Fox Corp. . Decliners included Disney , Comcast , AMC Networks and Lionsgate .

Netflix closed up 1.4% Friday, but that came after a massive sell-off in the streamer’s shares. So far this year, Netflix’s stock is down 69%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 108. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

European Stocks Set to Fall at the Open as Global Markets Are Rattled by Inflation FearsEuropean stocks are expected to decline at the open on Thursday as global markets are rattled by fears over rampant inflation.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

European Stocks Set to Fall at the Open as Global Markets Are Hit by Inflation FearsEuropean stocks are expected to decline at the open on Thursday as global markets are rattled by fears over rampant inflation.
Källa: NBCDFW - 🏆 288. / 63 Läs mer »

European Stocks Climb as Global Markets Look for Recovery After Turbulent WeekEuropean markets were higher on Friday, tracking global gains as another volatile trading week comes to a close.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

European Stocks Set to Climb as Global Markets Look for Recovery After Turbulent WeekEuropean markets are set to open higher on Friday, tracking global gains as another volatile trading week comes to a close.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

Stocks fall sharply as Target's woes renew inflation fearsThe Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday.
Källa: ABC7Chicago - 🏆 284. / 63 Läs mer »