US STOCKS-Wall St slumps as media stocks bleed

jueves 6 de agosto de 2015 13:30 GYT

* Disney, Viacom lead media selloff

* S&P media index records worst two-day selloff since 2008

* Tesla, Green Mountain fall after results

* Indexes down: Dow 0.72 pct, S&P 0.82 pct, Nasdaq 1.61 pct (Updates to early afternoon)

By Tanya Agrawal

Aug 6 (Reuters) - U.S. 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.

The selloff added to investors' nervousness ahead of a key jobs data on Friday that could provide clues regarding the timing of a rate hike.

Walt Disney's shares fell 5.3 percent to $104.67, a day after their largest daily drop in almost seven years. The stock was also the biggest drag on the Dow and the S&P 500.

Disney lowered profit guidance for its cable networks unit on Tuesday, while Viacom Inc reported lower-than-expected quarterly revenue due to weakness in its cable TV business.   Continuación...