The Dow Jones Industrial Average is more than 10% off the high water mark it set in January and it's the most buoyant of the major stock market indexes. The Nasdaq Composite, which is chock-full of innovative growth stocks is really taking it on the chin. If there's one thing to remember about buying stocks, it's that bear markets apply pressure to all stocks whether their underlying businesses are succeeding or not. Read More...
Associated Press
Sony’s profit surges on healthy film, game, music growth
Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions. Tokyo-based Sony Corp.’s January-March quarterly sales edged up 1% to 2.26 trillion yen ($17 billion), as its music operations also did well, boosted by the popularity of streaming services, the company said Tuesday. For the full fiscal year ended in March, Sony racked up a profit of 882 billion yen ($6.8 billion), down 14% despite the success of “Spider-Man: No Way Home,” which contributed to theatrical revenue.
