A Pre-Holiday Slump For Stocks


U.S. financial markets sank in Thursday’s trading, as the Dow Jones Industrial Average fell 167.78, to 21,286.83, and the Nasdaq Composite was off 90.06, to 6,144.35.

For media stocks, it was a session full of mixed activity, as Townsquare Media improved 5.2%, to $10.38, and iHeartMedia saw a welcome again, advancing 3.2% to $1.50.

Pandora‘s recovery continued, with the streaming audio company rising 2.6%, to $9.15.

Among the key decliners on Thursday were Beasley Broadcast Group, off 2% to $9.75, and Saga Communications, down 2.3%, to $46.

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