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Most stocks and sectors closed down Thursday in a massive and broad market selloff that thrashed media and tech shares from big showbiz conglomerates to Amazon, Apple and Meta to Roku, Endeavor, Cinemark and the New York Times. With the trading day done, the Dow 30 is down more than 3% having shed over 1,100 points…

Shares of publicly traded move chains fell sharply Monday while broader markets rose as Disney's Black Widow helped drive the post (ish) pandemic box office to new highs but plenty of viewers siphoned off to Disney+, raising an alarm or  at least a lot of questions. AMC Entertainment, the biggest U.S. chain, saw its…

Walt Disney's outgoing executive chairman Bob Iger sold company stock worth well over $90 million in early June. According to an SEC filing late last week, Iger unloaded just over 600,000 shares with most priced between $178.74 and $179.81. A company spokesperson said the sale "is part of the diversification of Mr…

"It has been a very trying year. The most difficult we've had in recent memory, if ever," said Bob Iger, first up Tuesday at the company's virtual annual shareholders meeting. Sounding moved, he noted that it would be his last as he prepares to exit after 16 years as CEO and, more recently, executive chairman, and…

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…

Media and entertainment stocks sank Monday as the market shrugged off both a long awaited stimulus package that included $15 billion for arts and culture and the global march of vaccinations, focusing instead, and again, on virus fears after health officials in Britain revealed a new strain of the coronavirus said to…

UPDATED after market close:  The Dow closed at 29,662.42, up 1,339 points or 4.3% — off its earlier highs but still reflecting a massive gain for one session. A swell of optimism that a vaccine by Pfizer said to be 90% effective in preventing COVID-19  could by submitted for emergency authorization to the FDA by the…

UPDATED with market close: Stocks fell sharply Monday, posting their biggest session of losses in more than two months. The DJIA fell 650 points or nearlly 2.3%. The S&P 500 and Nasdaq were off, respectively, 1.86% and 1.84%. Previously: A broad market plunge dragged showbiz shares lower Monday from big media to…

Stocks acclerated their downward trajectory Friday as the coronavirus ratcheted up with media shares following the market lower. The DJIA closed out the week down a hefty 730 points, or 2.8% in Friday’s session. The S&P 500 and Nasdaq dropped, respectively, 2.4% and 2.6% for the day. Exhibitors lost more ground with…

UPDATED at market close Stocks rallied sharply Monday with many media shares outpacing the broader market as Wall Street – at least for today – evinced a glimmer of hope at the U.S. trajectory of the coronavirus pandemic, even as Wall Street analysts have only begun to calculate the dire impact of the virus on…

UPDATED with trading floor news, market close: The NYSE announced Wednesday afternoon that the floor of the New York Stock Exchange would be closed starting Monday to adhere to guidelines on large gatherings. Trading will continue electronically. Most systems are already electronic. There have been calls to halt…

UPDATED with market close The market plunged nearly 13% Monday creating a wasteland of lost value as a wave of panic set in over the trajectory of the coronavirus in the U.S. exacerbated in the final minutes of trading by President Trump’s comments the crisis could continue through the summer. He announced new…