Media Stocks Soar as Dow Pulls Out of Death Spiral

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The day after a 635-point plunge in the Dow Jones industrial Average saw share prices take a pounding, the market seesawed back August 9, closing up 429 points. As Wall Street rebounded, media and entertainment companies followed suit. At the closing bell, the Dow Jones U.S. Broadcasting & Entertainment Total Stock Market Index was up $161.59, or 4.82 percent, to $3,517.49.


Media Stocks Soar as Dow Pulls Out of Death Spiral