NEW YORK (Hypebot) – Music and entertainment related stocks fell on Monday as the global stock market continued a three day tumble. New York Stock Exchange officials said they would halt all trading for at least 15 minutes if the decline reached 7%.
Mid-morning Monday, there were signs that the steep stock market decline was slowing or even recovering slightly.
As of the 11 AM the S&P 500 and most other indexes were down 2.8%. That meant that music and entertainment stocks were keeping pace with the broader markets:
Pandora (P) -1.8%
Facebook (FB) -2.5%
Apple -1% after falling as much as 10% in early trading
Vivendi SA -2.25%
Sony Corp -$5.25%