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                            <title><![CDATA[ Latest from Next TV in Market-correction ]]></title>
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        <description><![CDATA[ All the latest market-correction content from the Next TV team ]]></description>
                                    <lastBuildDate>Fri, 09 Feb 2018 21:48:00 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Stocks Rebound in Wild Trading Day ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/stocks-rebound-wild-trading-day-418068</link>
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                            <![CDATA[ Stocks Rebound in Wild Trading Day ]]>
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                                                                        <pubDate>Fri, 09 Feb 2018 21:48:00 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                        <dc:description><![CDATA[ null ]]></dc:description>
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                                <figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="oE36BRpd9kCb3vMPcthCV7" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/oE36BRpd9kCb3vMPcthCV7.jpg" mos="https://cdn.mos.cms.futurecdn.net/oE36BRpd9kCb3vMPcthCV7.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p>The stock market closed another wild trading week, with the Dow Jones Industrial finishing up 330 points after a rollercoaster ride where the difference between its intraday high and low was more than 1,000 points.</p><p>Media stocks showed gains, but like the rest of the market still have a long way to go to make up past losses.</p><p>The Dow closed at 24,190, up 330 points and coming after a loss of more than 1,000 points on Thursday. Fears over possible coming inflation and higher interest rates added to the volatility, which isn’t expected to calm down soon. With <a href="https://www.nexttv.com/news/viacom-soars-affiliate-revenue-forecast-418051" data-original-url="https://www.multichannel.com/news/viacom-soars-affiliate-revenue-forecast-418051">Thursday’s declines</a> the market officially entered correction territory, having dropped 10% since its last high on Jan. 26. For the week, the Dow was down 5.2%, its biggest drop since January 2016. Other indices like the S&P 500 (up 1.5% Friday) and the NASDAQ Composite (up 1.4% on Friday) were down 5.2% and 5.1%, respectively, for the week.</p><p>When the dust cleared about 16 of the 25 stocks in the media sector showed gains, led by 21st Century Fox (up 3.4% to $$35.73), Altice USA (up 2.8% to $19.21), MSG Networks (up 2.1% to $23.20) and The Walt Disney Co. (up 1.7% to $103.09). Google led tech stocks, up 3.6% to $1,037.78 each, followed by Facebook (up 2.6% to $176.11) and Apple (up 1.2% to $156.41).</p><p>Lionsgate, which reported earnings after the close on Thursday, fell 12.3% to $26.81 per share, mainly because the company <a href="https://www.marketwatch.com/story/lions-gate-restructuring-its-film-slate-will-burden-profit-revenue-growth-2018-02-09">lowered its three-year guidance,</a> saying plans to restructure its film slate will pressure growth.</p>
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