The ViacomCBS logo is displayed on the Nasdaq MarketSite to celebrate the company’s merger, in New York, December 5, 2019.
Brendan McDermid | Reuters
Check out the companies making headlines in midday trading.
ViacomCBS, Discovery — The media stocks ensnared in the Archegos Capital Management margin call last week rebounded on Tuesday, chipping away at their recent losses. The class B shares of ViacomCBS rose 3.6%, while Discovery’s class A shares jumped 5.4%.
Nomura, Credit Suisse — Shares of Nomura and Credit Suisse fell again in midday trading after news of anticipated loss from the fallout of Archegos Capital’s stock sales. Nomura was down 2.3% and Credit Suisse slid 3.5%.