U.S. financial markets started the week on a negative note, as the Dow Jones Industrial Average fell 12.60, to 22,761.07, and the Nasdaq composite index was off 10.45, to 6,579.73, in Columbus Day trading in New York.
Media stocks were paced by Viacom, which slid 6.4%, to $25.42 after a financial analyst at Citigroup lowered their rating on “VIA” stock to Sell, from Neutral.
TEGNA, The E.W. Scripps Co., Sinclair Broadcast Group and DISH Network were among the TV-industry decliners on Monday.
Meanwhile, Cumulus Media shares remain unchanged at 33 cents a share as the company seeks to appeal its delisting notice from Nasdaq for failure to comply with its $1 per share rule, and for minimum stockholders’ equity requirement deficiencies.
Also down: iHeartMedia and Entravision.
For a full look at today’s closing prices please visit the Wall Street Report on the homepage of RBR.com.