Time Warner Leads Pack With 7.6% Gain
By Mike Farrell -- Multichannel News, 8/8/2008 2:55:00 PM

The Dow surged more than 300 points on Friday and took cable stocks along for the ride, with Time Warner Inc. leading the way with a 7.6% gain.

The Dow Jones Industrial Average rose 302.89 points to close at 11,734.32, as oil prices plunged below $116 per barrel and the U.S. dollar reached levels not seen in months. The rally came after a particularly tough day in the stock market on Thursday, when the Dow dipped 225 points.

The NASDAQ Composite Index also rose sharply on Friday, ending the day up 2.5% to 2,414.10 points.


Cable Stocks Ride Market Surge - 8/8/2008 2:55:00 PM - Multichannel News