Late-Week Tumbles

Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.

Stocks tumbled on Thursday and Friday last week, as a number of poor indicators—including declining consumer confidence, fears of another interest rate hike and increasing oil and import prices—contributed to investor unease. The Dow Jones slipped 203.63 points to close at 11,380.99 on Friday, while the Nasdaq fell 94.47 points to close at 2,243.78. For the most part, ad stocks also suffered as Interpublic Group (2.9 percent), Publicis (1.02 percent) and WPP (1.5 percent) prices slid.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in