A Question of When

While the Dow Jones Industrial Average turned losses around Friday, with most investors taking weak economic news in stride, ad stocks fell. Investors in media and ad holding company stocks are anticipating acknowledgement of a rebound, said Michael Russell, media analyst at Morgan Stanley Dean Witter. “There’s a reluctance on the part of companies to do that until the recovery is in full swing,” he said. “No one wants to stick their neck out and find that they’ve yelled ‘Yay!’ prematurely.”