[Updated 3:53 p.m. ET Sept. 24 to correct biggest GCI weekly drop]
U.S. stocks edged higher today, trimming steep weekly losses that still amounted to the Dow Jones Industrial's worst week since October 2008, according to MarketWatch.
For the week, the blue-chip index lost 6.4% as investors sought cash on slashed expectations the Federal Reserve and European policy makers would quickly stabilize the global economy. The S&P 500 index also fell 6.4%.
Investors beat up shares of most newspaper publishers even more. Closing prices today, and their performance for the week:
U.S. stocks edged higher today, trimming steep weekly losses that still amounted to the Dow Jones Industrial's worst week since October 2008, according to MarketWatch.
For the week, the blue-chip index lost 6.4% as investors sought cash on slashed expectations the Federal Reserve and European policy makers would quickly stabilize the global economy. The S&P 500 index also fell 6.4%.
Investors beat up shares of most newspaper publishers even more. Closing prices today, and their performance for the week:
- Gannett: $9.09, down 9.7%
- Lee: 84 cents, down 0.4%
- Media General: $1.88, down 10%
- McClatchy: $1.33, down 8.3%
- New York Times Co.: $5.79, down 20%
- E.W. Scripps: $7.03, down 10%
GCI's worst week?
Over the past three years, it came Friday, March 6, 2009,July 10, 2009, when shares closed at $2.20 $3.19, down 32.1% 33.3% from the prior week, according to Google Finance data. (Spreadsheet shows weekly percentage price change since Sept. 26, 2008.)
Related: Investor relations' historical stock price lookup tool.
Over the past three years, it came Friday, March 6, 2009,
Related: Investor relations' historical stock price lookup tool.
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ReplyDeleteThe theme for this blog should be "race to the bottom."
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