News Formal

Media Stocks Swoon With AMC Entertainment, Nexstar, Dish, ViacomCBS In Double-Digit Decline

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Media stocks plunged amidst general carnage in the markets Monday with movie theater shares – AMC Entertainment, Cinemark, National Cinemedia, hard hard hit but declines across sectors from b…

, Cinemark, National Cinemedia, hard hard hit but declines across sectors from broadcasting to entertainment to satellite. The tech sector was down 20% from its all time-time.

The DJIA fell 7.8% or 2,013 points – it’s worst point drop ever and the biggest percentage drop since 2008. The S&P 500 was down 7.6% and the Nasdaq lost 7.3%. Twitter fell 6.35% despite news that it made peace with activist investor Elliott Management, which had agitated for CEO Jack Dorsey to leave and other measures.

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:

 /  🏆 109. in UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Media Stocks Caught Up As Global Markets TumbleStock markets have fallen sharply around the world after Saudi Arabia launched an aggressive oil price war which caused oil prices to fall by almost a third. The UK’s FTSE 100 index plunged by over…
Source: Variety - 🏆 108. / 63 Read more »