Todd Spangler NY Digital Editor A broad-based sell-off in stock markets Monday pushed stock prices of major media and tech companies lower, as investors worried that a U.S.
recession may be looming. As of 3 p.m. ET Monday, the Dow Jones Industrial Average was down 2.7%, the S&P 500 was off 3.3% and the tech-heavy Nasdaq Composite had dropped 4%.
That came after big declines in Asian and European markets and on the heels of last Friday’s U.S. jobs report that showed “significantly slower hiring, with unemployment rising to its highest level in nearly three years,” per the New York Times.
Media stocks seeing declines included Warner Bros. Discovery (-3.9%), Disney (-1%), Paramount Global (-3.6%), Comcast (-1.6%) and Netflix (-3.2%).
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.