Media Stocks Open Higher After Another Weekly Loss as Wall Street Awaits Consumer-Price Index
Reading now: 271
variety.comJennifer Maas TV Business WriterMedia stocks were up when the bell rang Monday, showing growth from where they closed the Memorial Day-shortened trading week last Friday.
The movement is a bit of a rally in the market, which has been trending toward bear territory for two months, that comes days before the U.S.
consumer-price index release.The tech-sector heavy Nasdaq index closed at 12,012.73 on Friday, which was down 0.9% for the week and -9.5% year-to-date.
On Monday at 9:30 a.m. ET, the Nasdaq opened up 1.71% from its closing point. The S&P 500 closed Friday at 4,108.54, opening Monday +1.09%.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
