On the biggest day of the year for the stock market, media stocks generally did not participate much.
Dow Jones Industrials index was up 1.4% -- a 331-point gain to 24,272. Other big gains came to financial, energy, and technology stocks. The prospect of a tax-reform bill gaining approval helped push stocks higher.
By way of comparison, two other Dow Jones media indexes didn’t participate much: Dow Jones U.S. Broadcasting & Entertainment was down 0.2% to 1,241; Dow Jones U.S. Media index was also lost 0.2% to 834.
CBS was down 1% to $56.02, while Disney was off 0.4% to $104.82; 21st Century Fox lost 0.6% to $31.92; Sinclair Broadcast Group was 0.5% lower to $34.00; Dish Network gave up 1.2% to $50.65; AMC Networks was down 0.9% to $51.54; and Viacom slipped 0.4% to $28.32
Slight upticks were seen by some, with Discovery Communications adding 0.8% to $19.02; Scripps Networks Interactive (which has a deal to be bought by Discovery), gaining 0.5% to $81.84; Comcast Corp. 1% higher to $37.56; Nexstar Media Group up 0.6% to $67.90; and Time Warner up 0.7% to $91.51.
Two big digital media/tech stocks were generally higher: Facebook rose 1.2% to $177 and Amazon grew 1.3% to 1,176. Other digital stocks dipped: Google (Alphabet), slipped 0.1% to $1,036, while Twitter was down 1% to $20.57.
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