Another downer for stock traders
A poorly received bond auction by Spain’s government added to pessimism on Wall Street from the previous day’s indication by the US Fed that it would not take new stimulus moves. The Dow Jones Industrial Average dropped 125 points, or 1%, to 13,075. Broadcasting stocks also fell.
The RBR Radio Index was down 15.218, or 3.9%, to 376.612.
The TVBR Television Index was down 1.339, or 0.5%, to 261.672.
ACME, up 13%
Salem, up 1.3%
SBS, up 1.1%
CC Media, down 13.1%
Dial Global, down 8%
Entercom, down 5.1%