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Sector Roundup: Entertainment, Managed Care

Sector roundup: Entertainment stocks rise on improved ad outlook, health insurers fall

Among the sector activity stories for Thursday, Oct. 8, from AP Financial News:

PHILADELPHIA (AP) — Shares of entertainment stocks rose after analysts raised their earnings and revenue forecasts, as well as price targets, for companies in the sector as advertising spending improves.

NEW YORK (AP) — Shares of companies that make construction materials and building products rose after the government reported wholesale inventories slipped more than expected in August and jobless claims fell.

NEW YORK (AP) — Investors traded shares of health insurers lower after the Congressional Budget Office said a health care reform bill may cost less than President Obama had estimated, which could improve the bill's chances.

NEW YORK (AP) — Shares of teen apparel retailers rose after reporting sales in stores open at least one year, a key measure of a retailer's fiscal health. Many surpassed analyst expectations.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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