Most everyone has heard of Snapchat and its parent, Snap Inc. Profitability is one of Snap's key concerns since its Initial Public Offering in early March, and a big downgrade Monday from Morgan Stanley sent investors scurrying in Tuesday's trading on Wall Street. How did radio and TV stocks do? Click here for the full synopsis!
U.S. financial markets showed little change on Monday, as the Dow Jones Industrial Average fell 0.02% to 21,410.33. The Nasdaq composite index gained 0.38%, ending the day’s trading session at 6,176.39.
U.S. financial markets moved ahead on Thursday, as the Dow Jones Industrial Average rose 0.44% to 21,414.34. The Nasdaq composite index gained 1.04%, ending the day’s trading session at 6,153.08.
U.S. financial markets moved downward on Thursday, as the Dow Jones Industrial Average fell 0.74% to 21,320.11. The Nasdaq composite index lost 1.00%, ending the day’s trading session at 6,089.46.
U.S. financial markets moved very little on Wednesday, as the Dow Jones Industrial Average fell 0.01% to 21,478.17. The Nasdaq composite index gained 0.67%, ending the day’s trading session at 6,150.86.
U.S. financial markets were moving ahead on Friday, ahead of what is a long Independence Day holiday weekend for many. As of 2pm, the Dow Jones Industrial Average rose 0.38% to 21,367.64 and the Nasdaq composite index rose 0.12% to 6,151.59.
U.S. financial markets sank in Thursday's trading, as the Dow Jones Industrial Average fell 141.99, to 21,312.62, and the Nasdaq Composite was off 97.82, to 6,136.48. For media stocks, it was a session full of mixed activity, as Townsquare Media and iHeartMedia each advanced and Pandora's rebound continued.
U.S. financial markets closed Wednesday trading on a high note, as the Dow Jones Industrial Average soared 143.95, to 21,454.61, and Nasdaq advanced 87.79, to 6,234.41. Media stocks enjoyed upward momentum on Wall Street, with Tribune Media climbing and Sinclair Broadcast Group rising on word that divestment of as many as 10 markets could be seen to get Federal approval of their blockbuster merger.
U.S. financial markets sank on Tuesday as the Senate postponed a vote on a Republican-drafted alternative to the Affordable Care Act (a.k.a. Obamacare), and investors looked positively at Sprint and negatively at T-Mobile amid talk that Sprint is chatting with Charter Communications and Comcast about a wireless partnership. Key movers in the media world include Sinclair Broadcast Group and Beasley.
With the Independence Day holiday nearly one week away, U.S. financial markets saw another day of light—and mixed—overall activity on Wall Street. The Dow Jones Industrial Average was up 35.20 points, to 21,429.96, while the Nasdaq composite was down 16.08, to 6,250.22. Among the key movers for the media industry was broadcast TV giant Nexstar Media Group.
Urban One suffered a 9% dip in its share price, while iHeartMedia was off nearly 2% on word that, as of 5pm Wednesday, just 0.6% of the outstanding existing notes have been tendered. That is the same percentage as seen in early June.
U.S. financial markets experienced a rather tepid trading session on Thursday, as the Dow Jones Industrial Average slipped 12.74, to 21,397.29, and Nasdaq inched ahead 2.73, to 6,236.69. Among the highlights in the media sector was another move in the right direction for Pandora Media.
U.S. financial markets exhibited a split personality on Wednesday as the Dow Jones Industrial Average slid 57.11, to 21,410.03, while the Nasdaq composite climbed 45.92, to 6,233.95. Driving the momentum for media industry stocks was Veritone. The company, which on Tuesday released its first Q1 earnings since its recent IPO, surged 6.1%. Also up were CBS and Cumulus.
U.S. financial markets slid on Tuesday, as the Dow Jones Industrial Average dipped 61.85, to 21,467.14, while Nasdaq dropped 51.10 points, to 7,472.71. While streaming audio company Pandora stemmed its steep slide in its stock value seen in recent days with a 1.6% rebound, and iHeartMedia gained 2.9%, all media stocks fell—some sharply.
It was a strong start to the week for major indices on Wall Street Monday, as the Dow Jones Industrial Average soared 144.71 points, to 21,568.99, and the Nasdaq Composite index gained 87.25, to 6,239.01. But, it was a poor day for Pandora Media, as the struggling streaming audio company's stock fell another 1.3%. It was also a downbeat day for Cumulus Media.