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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…

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…

UPDATED with closing numbers: The stock market had one of its best days Friday after one of its worst the day before, with the Dow Jones Industrial Average up by almost 2,000 points, or 9.36%. Investors have been killing stocks as the coronavirus pandemic threatens global growth and the health of U.S. companies with…

Media shares and markets opened higher Tuesday after a sickening plunge the day before saw the DJIA’s worst point loss ever and a rare circuit breaker temporarily halt trading. Walt Disney joined the rally, up more than 3% in mid-morning, shrugging off a report that the conglom’s domestic parks will likely need to…