How Media Stocks Fared During Wall Street's Wild Ride

How Media Stocks Fared During Wall Street's Wild Ride

Published: May 06, 2010 @ 6:19 pm
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By Dylan Stableford

You might have heard that Wall Street went on a wild ride on Thursday, with the DOW dropping nearly 1,000 points before staging a dramatic comeback, closing down 348 points, or 3.2 percent. (The cause was either riots in Greece or someone typing “billion” instead of “million,” depending who you ask.)

Media stocks more or less followed, tumbling anywhere between 3 and 6 percent. Among the major ones I tracked, Comcast appeared to fare the worst, down more 6.23 percent. See the chart below.

Just how wild was it? Check out this clip of CNBC's Erin Burnett and Jim Cramer losing their minds during the market's bungee cord:

Here’s how some major (and minor) media stocks fared:

>> Apple
Open: 254.00
Close: 246.25
Change: -3.80%

>> Comcast
Open: 19.46
Close: 18.51
Change: -6.23%

>> Disney

Open: 35.16
Close: 34.01
Change: -3.76%

>> Dreamworks
Open: 38.51
Close: 37.68
Change: -3.01%

>> General Electric (NBCU)
Open: 18.00
Close: 17.31
Change: -4.36%

>> Google

Open: 508.68
Close: 498.67
Change: -2.18%

>> Lions Gate
Open: 6.90
Close: 6.72
Change: -3.03%

>> News Corp.

Open: 16.93
Close: 16.21
Change: -4.59%

>> New York Times

Open: 9.61
Close: 9.20
Change: -4.66%

>> Time Warner

Open: 31.53
Close: 30.90
Change: -3.07%

>> Viacom

Open: 33.58
Close: 32.85
Change: -2.87%

http://finance.yahoo.com/q?s=VIAB

 

Tags: Crash, Media, stocks, wall street
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