U.S. financial markets sank on Tuesday as the Senate postponed a vote on a Republican-drafted alternative to the Affordable Care Act (a.k.a. Obamacare), and investors looked positively at Sprint and negatively at T-Mobile amid talk that Sprint is chatting with Charter Communications and Comcast about a wireless partnership.
The Dow Jones Industrial Average was off 98.89 points, to 21,310.66. Nasdaq tumbled 100.53, to 6,146.62.
Key movers in the media world include Sinclair Broadcast Group, which declined 2.7%, to $32.92. Netflix sank 4.1%, to $151.02, while iHeartMedia suffered a 3.1% dip, to $1.55.
Cumulus Media shed a penny, to 42 cents.
On a positive note, Beasley Broadcast Group jumped 6.9%, to $10.05.
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