The Dow Jones Industrial Average fell 91.74 points to 25,706.68 in Wednesday’s trading. Nasdaq was off 2.79, to 7,642.70. Broadcast media issues saw climbs and dips, while Netflix shares enjoyed a sharp rebound and are back to where they were before October 4.
At the Closing Bell, Netflix was ahead by 5.3% from Tuesday, finishing at $364.70. Volume was 32.5 million shares; average volume was 11.1 million.
The reason? A charming Q3 compared to a disappointing Q2 report, as the OTT giant enjoyed the addition of nearly 7 million new subscribers in the third quarter.
For radio’s biggest names, small gains were seen, with Beasley Broadcast Group up 19 cents to $6.61, and Entercom rising 9 cents, to $7.16.
Emmis dipped by 10 cents, to $4.50, as Townsquare Media neared the all-important $8 mark again with a 17-cent gain to $7.94.