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Agency holding companies were not exempt from the drubbing most industry sectors experienced in the volatile stock market last week.
On Sept. 17, the first day back after the market’s record closure, major agency networks lost a greater percentage than the 7.1 percent decline sustained by the Dow Jones Industrial Average. At Friday’s close, the Dow was down 14 percent from Sept. 10, the day before the terrorist attacks.
Of the big three networks, WPP took the biggest hit.
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