For Aug. 6, here's how the stock market did today, earnings reports, the top stock market news, and stocks to watch based on today's market moves...
Dow Jones: 17,419.75; -120.72; -0.69%
S&P 500: 2,083.56; -16.28; -0.78%
Nasdaq: 5,056.44; -83.50; -1.62%
The Dow Jones Industrial Average today fell 120 points, while the Nasdaq slipped more than 1.6% after media and news stocks plunged as the latest round of quarterly earnings indicates more consumers are unplugging from cable. It was the sector's worst two-day performance since the financial crisis.
Shares of Viacom Inc. (Nasdaq: VIAB) slipped more than 14% on the day after the company reported a 44% decline in revenue for its film-entertainment division. Shares of New York Times Co. (NYSE: NYT) slipped nearly 3%, while Twenty-First Century Fox Inc. (NYSE: FOX) dipped more than 6.7% on the day. Meanwhile, shares of Netflix Inc. (Nasdaq: NFLX) gained 2.2% on the day as the company continues to benefit from consumers "pulling the plug."
The S&P 500 Volatility Index (VIX), the market's fear gauge, gained 10.6% on the day.
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