Dow closes above 17,000

By on Jul, 14 2014 with Comments 0

Stocks rebounded on Monday with the Dow closing above 17,000 as a flurry of deal news and better-than-expected earnings from Citigroup increased demand for equities. The S&P closed 9.53 points, or 0.5%, higher at 1,977.10. The Dow scaled an intraday record high, but retreated slightly in the afternoon to close 111.61 points, or 0.7%, higher at 17,055.42. The Nasdaq gained 24.93 points, or 0.6%, to 4,440.42.

The RBR Radio Index was up 6.722, or .7%, to 934.966.

The TVBR Television Index was down 1.942, or .2%, to 927.173.

Winners
Salem, up 4.2%
Emmis, up 3.3%
Beasley, up 3.3%

Losers
SBS, down 5.1%
Sinclair, down 2.6%
Nexstar, down 1.3%

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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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