Media Stocks Open Higher After Another Weekly Loss as Wall Street Awaits Consumer-Price Index
Jennifer Maas TV Business WriterMedia stocks were up when the bell rang Monday, showing growth from where they closed the Memorial Day-shortened trading week last Friday. The movement is a bit of a rally in the market, which has been trending toward bear territory for two months, that comes days before the U.S. consumer-price index release.The tech-sector heavy Nasdaq index closed at 12,012.73 on Friday, which was down 0.9% for the week and -9.5% year-to-date.