Financial markets took a hit Monday amid fears that the Delta variant of the COVID-19 virus would delay reopening plans and put a damper on economic recovery.
Big media companies were pulled down in the selloff, led by Lionsgate and Disney , the latter likely on worries that the Mouse House’s theme parks would be hurt by new restrictions put in place because of rising coronavirus cases. Other entertainment and telecom stocks also dropped, including AT&T , Discovery , Comcast and ViacomCBS .
Netflix, meanwhile, was one of the day’s few gainers, closing up 0.37%. The streaming giant is scheduled to report Q2 2021 earnings after market close on Tuesday, July 20.
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