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Google Business NewsSep 28, 2022
Stocks rebound from 2022 low, Dow closes up more than 500 points and snaps six-day losing streak - CNBC
Stocks rebound from 2022 low, Dow closes up more than 500 points and snaps six-day losing streak  CNBCS&P falls to 2-year low as bear market deepens  ReutersStock market news live updates: Stocks rally as Treasury yields retreat, Bank of England pivots  Yahoo FinanceDow Jones Rises Ahead Of Powell Speech; 10-Year Treasury Yield Briefly Tops 4%; Apple Dives  Investor's Business DailyBritain's market rout stokes contagion fears around the globe  Reuters.comView Full Coverage on Google News

MarketWatch MarketPulseSep 28, 2022
Lions Gate to focus on spinning off studio business instead of Starz cable channel
Lions Gate Entertainment Corp. said Wednesday it's now focusing on spinning off its studio business, instead of its Starz cable channel. In a regulatory filing, the company said it remains on a path to separating the two. "As negotiations progress, we have increased our focus on the possibility of spinning our studio business, creating a number of financial and strategic benefits," said the filing. "In that regard, we are continuing productive negotiations with prospective strategic and financial partners on both sides of our business." The company had announced the plan earlier this year on the grounds that the two would fetch a higher valuation separated than together. Shares were slightly higher Wednesday, but are down 50% in the year to date, while the S&P 500 has fallen 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Lionsgate leaning toward spinning off its studio business instead of Starz - CNBC (Google Market News)

Google Business NewsSep 28, 2022
Stock Market Today: Dow Jumps 400 Points as British Pound Recovers, Treasury Yields Slip - The Wall Street Journal
Stock Market Today: Dow Jumps 400 Points as British Pound Recovers, Treasury Yields Slip  The Wall Street JournalS&P falls to 2-year low as bear market deepens  ReutersDow rebounds 400 points from 2022 low as yields retreat, British pound stabilizes  CNBCEverything-Selloff on Wall Street Deepens on 98% Recession Odds  BloombergWION Business News | S&P 500 falls as tech struggles to hold gains | Stock Market news  WION

MarketWatch MarketPulseSep 27, 2022
Dow, S&P 500 fall for 6th straight day on Tuesday on recession jitters
The Dow and S&P 500 booked a sixth straight day of declines on Tuesday, as bond yields rose and stocks gave up earlier gains. The Dow Jones Industrial Average fell about 123 points, or 0.4%, to end near 29,136, its lowest closing level since November 2020, according to Dow Jones Market Data. The S&P 500 index shed 0.2% to record its longest losing streak since Feb. 28, 2020. The technology-heavy Nasdaq Composite Index eked out a 0.3% gain, after flipping between modest gains and losses. Recent turbulence in stocks has been attributed to fears about the Federal Reserve potentially inducing a "hard landing" for the U.S. economy as it looks to tame high inflation through sharply higher interest rates and tighter monetary policy. The rate on the 10-year Treasury bond almost touched 4% on Tuesday, with the benchmark rate spotted at 3.963% at 3 p.m. Eastern, its highest since April 2010, according to Dow Jones Market Data. Investors also could pick up yields of 4.3% on Tuesday on 2-year Treasurys, another factor that has weighed on stocks. But higher benchmark rates also mean increased borrowing costs for households and businesses at a time when high inflation has been stretching paychecks and also could dampen corporate earnings.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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