Bonds are up so stocks went down
If it isn’t one thing, it’s another – and on Friday analysts believed improving bond returns enticed some investors out of the stock market and sent prices down. Down was certainly the story for broadcasters. Salem was one of the few positives – was Salem bolstered by an RBR-TVBR interview with CFO Evan Masyr? Hmmm….
The RBR Radio Index fell 12.862, or 1.6%, to 785.370.
The TVBR Television Index fell 7.894, or 1.0%, to 788.996.
Salem, up 1.3%
Beasley, down 5.2%
Gray, down 3.0%
SBS, down 3.0%