NYSE, Dow Plunge Taking Radio Stocks With Them
September 29, 2008 at 12:09 PM (PT)
The continued failure of banks and the investing system at large, and now the failure of the HOUSE to pass a $700 billion government-backed bailout, is having a predictable negative effect on radio stocks, which have not exactly been a shining sector of the market for months now.
With the DOW off 300+ points at the open, the NEW YORK TIMES noted, "With the bailout plan still pending Congressional approval ... and the Senate vote not scheduled until WEDNESDAY ... there were no guarantees that even a $700 billion bailout package would solve the ongoing problems."
To keep tabs on radio stocks, head for the ALL ACCESS STOCK PAGE, and then scroll down through the radio stocks the ALL ACCESS COMPOSITE, and other quotes in the INDUSTRY-RELATED INDEX.