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Tech & Media Stocks Soar On Slowing Inflation, Dow Up Nearly 900 Points

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deadline.com

Media shares joined the broader market Thursday in a major rally as data this morning showed inflation easing in October. Hard hit tech shares were led by a 10% jump by Amazon.

Google parent Alphabet, Facebook parent Meta and Apple were up 6% or more. Netflix by 4%. Battered Warner Bros. Discovery, which hit a 52-week low yesterday, posting the lowest close since its merger, is up more than 5%.

Paramount Global share have gained nearly 7%. Endeavor is up 6.2% ahead of earnings after the close. And Disney reversed direction after a brutal day yesterday, up nearly 2%.

Read more on deadline.com
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