Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain
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deadline.comMedia and entertainment shares are having a great day as are markets with the Dow, S&P and Russell 2000 all decisively on the upswing.
Investors are baking in an interest rate cut this fall with some pushing for relief as early as the Federal Reserve‘s July 31 meeting.
Showbiz stock are gaining pretty much across the board. Disney and Paramount Global gained 2%, Warner Bros. Discovery is up nearly 7%.
Stocks from Comcast to Fox to TKO, AMC Networks and AMC Entertainment are trading higher. Broadcasters are upbeat with Nexstar, Sinclair, Tegna and Gray popping.
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