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Sector Snap: Ad stocks fall along with market



By AP
29 September 2008 @ 03:37 pm EST

PHILADELPHIA - Shares of advertising stocks fell on Monday along with the general market amid news that the $700 billion bailout plan failed to win approval by the House of Representatives.

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Quotes
WPPGY 24.52 1.24
OMC 24.48 2.25
IPG 3.67 0.58

SYMBOL LOOKUP

Shares of New York-based Omnicom Group Inc., the world's largest advertising and marketing company, lost $2.20, or 5.5 percent, to $38.03.

Interpublic Group of Cos., also headquartered in New York, fell by 62 cents, or 7.5 percent, to $7.52.

WPP Group Plc lost $4.91, or 11 percent, to $38.99. The company's American Depositary Receipts are traded on the Nasdaq.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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