Covid, neither gone nor forgotten in 2021, batted investors and markets for another year as attempts at business as usual were stymied by cycles of angst and rebound.
Defensive stocks, growth stocks, value stocks, stay-at-home stocks were in one day, out the next. After a volatile year of ups and downs, broader markets ended on a high note, but it was it was mixed bag for media.The S&P 500, considered the most representative of the three major indexes, closed out 2021 up 27%, its third year of double-digit gains.But Disney had its worst year since 2008.
Discovery, ViacomCBS, AT&T and AMC Networks also ended down. Netflix, Fox, Lionsgate and Sony rose. Comcast was flat. Fubo, a leader last year, took a hiding.
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