US media stocks suffer
January 21, 2016
January 20th saw the US Dow Jones share index crash more than 500 points.
Amongst the top fallers were media and technology stocks. Twitter, despite being helped by rumours that News Corp might be a buyer, at one point hit a new ‘low’ of $15.48.
Mainstream stocks also suffered, with Netflix and CBS dropping more than 5 percent at one stage. Yahoo was down 3.3 per cent, 21st Century Fox fell 3.1 per cent, Viacom down 1.8 per cent, Disney down 1.5 per cent, Time Warner 1.3 per cent and Discovery down 1 per cent.
Other posts by Chris Forrester:
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- Bank: Starlink facing multiple challenges
- India stalls again on satellite licensing
- Bank raises AST SpaceMobile target
- AST SpaceMobile reaches $10bn market cap
- China uses Galactic Energy ship to launch satellites
- Battle royale for DTC over US
- Analyst ups AST SpaceMobile guidance