Media & Entertainment Stocks Plunge; Selloff Amid U.S. Recession …

Aug 5, 2024 · The information sector took the biggest hits in job losses — including in entertainment and media. Movies and sound recording saw a loss of 3,500 jobs, to 445,400, …

CouponFollow Extension

3%
OFF

The Stock Market Plunged Amid Recession Fears: Here's What It …

1 day from now

Aug 6, 2024 · Retirement accounts took a hit Monday amid a global market selloff.. The S&P 500 closed down 3%, while the tech-heavy Nasdaq composite dropped 3.4% and the Dow Jones …

yahoo.com

6%
OFF

Stocks Tumble On US Recession Fears | Fox Business

1 day from now

Aug 5, 2024 · Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets. The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the …

foxbusiness.com

3%
OFF

Nasdaq, S&P 500 Fall 3% Each Amid US Recession Fears, …

1 day from now

Aug 5, 2024 · NEW YORK (Reuters) -U.S. stocks ended with steep losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% each as the market extended last week's sell-off amid …

usnews.com

4%
OFF

Music Stocks Fall As Markets Plunge, Recession Talks Heat Up

1 day from now

May 9, 2022 · A stock market selloff slashed the share price of nearly every publicly traded music company’s share price on Monday (May 9). iHeartMedia fell 12.4% to $12.27 after JP Morgan …

billboard.com

FAQs about Media & Entertainment Stocks Plunge; Selloff Amid U.S. Recession … Coupon?

Why did Wall Street's indexes plunge on Monday?

STORY: Wall Street's main indexes plunged on Monday amid a global stock market meltdown. The selloff in the U.S. pummeled the Magnificent Seven stocks including Apple, Nvidia and Amazon - the main drivers of the S&P 500's gains this year - set to lose a combined $650 billion in market value. ...

Why did retirement accounts take a hit Monday?

Retirement accounts took a hit Monday amid a global market selloff. The S&P 500 closed down 3%, while the tech-heavy Nasdaq composite dropped 3.4% and the Dow Jones Industrial Average fell 2.6%. It was the biggest daily drop for the S&P and Dow since September 2022. ...

What happened to media shares after a run-up?

Media shares followed markets lower with Warner Bros. Discovery down the most, by a hefty 6.3% after a run-up in past weeks. Roku fell 5.8%; Netflix was down by 3.2%; Comcast by 2.24% and Disney by 1.4%. The tech sector fell along those lines with Amazon down 4.6%; Meta and Alphabet off 3.5% and Apple off 2.14%. ...

Why did stocks plunge Monday morning?

Stocks plunged Monday morning as mounting concerns about the strength of the U.S. economy and the outlook for microchip production shook Wall Street. The Dow Jones Industrial Average opened with a loss of 1,100 points, dropping 2.8 percent after the opening bell. Dow futures tumbled more than 1,200 points before the market opened. ...

Why did stocks fall on Monday?

Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets. The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P 500 closed out their worst day since September 2022. ...

Is the market selloff a reason for a recession?

Top U.S. economic policymakers sought to assure the public Monday that the market selloff was no reason for broader alarm about an economic downturn. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said the U.S. does not appear to be in a recession, but he acknowledged the Fed’s current interest rate range may be too high. ...