Stocks Down on War Fears

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

Stock prices retreated sharply last week due to fears of a prolonged war, and the ad sector was not unaffected, with valuations dipping slightly. Still, investors perceived no change in media spending due to the war, which kept prices from falling further, analysts said. Omnicom Group dodged a bullet when the release of its first financial report under new auditor KPMG showed no restatements, changes or accounting disagreements. On the big board, Omnicom shares dipped 3 percent to $55.51;

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