Wall St slumps as media stocks bleed

US stocks slumped on Thursday as a spate of poor earnings reports from media companies dragged the sector index to its worst two-day loss since the financial crisis. Walt Disney's shares fell 5.3 per cent to $104.67. Viacom fell 23.6 per cent to $39.28. Time Warner, Comcast and CBS were all in the red. The S&P 500 media index was down 5.2 per cent. In other earnings-driven stock moves, Tesla fell 10.3 per cent to $242.35 and Keurig Green Mountain slumped as much as 30 per cent. At 13:27 pm ET (1727 GMT) the Dow Jones industrial average was down 126.3 points, or 0.72 per cent, at 17,414.17, the S&P 500 was down 17.26 points, or 0.82 per cent, at 2,082.58 and the Nasdaq Composite was down 82.76 points, or 1.61 per cent, at 5,057.19, according to Reuters.

-SRS