Media Stocks Surge Well Above Market's Gains Thursday

10/19/2008 05:12 am ET | Updated May 25, 2011

Wall Street's wild ride continued Thursday with a rally spurred by rumors that a big U.S. governmental economic fix is on its way.

That bit of vagary had the Dow hopping 3.9% and the Nasdaq surging 4.8% while The Hollywood Reporter Showbiz 50 climbed 4.5%.

Thursday's move almost wiped out Wednesday's losses, but the markets are still off dramatically in recent days and weeks.

On Thursday, only four of the Showbiz 50 stocks were lower: Liberty Media, Sony, Cablevision and, on its first day of trading as a revamped company, Discovery Communications.

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