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Shares of Discovery, which launched its new global streaming service today, and WarnerMedia parent AT&T, were standouts among media stocks Monday as the market seesawed. Discovery was up by 1%, as Discovery+ debuted as a comfort-food, non-scripted alternative to rival services that rolled out throughout the past year…

Markets broke away from the negative stranglehold of recent weeks as the Dow Jones Industrial Average surged more than 11% or 2,100 points – its best showing since 1933. The upturn came the day after a string of losses had completely wiped out more than three years of gains. Despite the spreading coronavirus pandemic…