Another downer for stock traders

By on Apr, 4 2012 with Comments 0

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.

Winners
ACME, up 13%
Salem, up 1.3%
SBS, up 1.1%

Losers
CC Media, down 13.1%
Dial Global, down 8%
Entercom, down 5.1%

RBR-TVBR Stock Index

About The Author: RBR-TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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