Longest Losing Streak In Seven Months Cripples Wall St.

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U.S. financial markets sank across Monday’s trading session, as discussion focused on a series of questionable financial transactions between U.S. and European banking institutions and renewed concerns over the COVID-19 virus prompted by lockdowns in Dublin and Madrid.


With the Closing Bell, the Dow 30 found itself at 27,147.70, down 509.72 points. The Nasdaq was off by just 14.48 points, however, to 10,778.80.

This demonstrates the resilience of some tech stocks on Monday, as Apple gained 3%, to $110.08 and Amazon was up $5.56 to $2,960.47 per share. Netflix was up by 3.7% to $487.35.

By comparison, media companies were in the red — and with much smaller shares values.

Townsquare Media ended the day at $4.66, off 9 cents despite a positive SEC filing that shows August 2020’s losses weren’t as severe as anticipated.

Sinclair Broadcast Group tumbled by 6.6%, to $20.19, while Nielsen is at $14.07, off 4.8%.

Also down: Entercom, which now sits at $1.40 after a 4-cent dip from Friday.

 

 

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