Dow closes at record, notches monthly gain

By on Apr, 30 2014 with Comments 0

Stocks ended a volatile session on Wednesday slightly higher with the Dow Jones closing at record level for the first time this year. Stocks swung wildly in the aftermath of the Federal Open Market Committee announcement. The Fed announced it would reduce the monthly bond-buying program by another $10 billion to $45 billion and kept the key rate unchanged at zero. The Dow closed at a record level after rising 45.47 points, or 0.3% to 16,580.84. The blue-chip index gained 1.6% over the past month. The S&P ended the day 5.62 points, or 0.3%, higher at 1,883.95 and rose 1.4% over the past month. The Nasdaq added 11 points, or 0.3% to 4,114.56, but recorded a 1% loss for the month.

The RBR Radio Index was down 1.943, or .2%, to 936.505.

The TVBR Television Index was up 3.959, or .5%, to 806.946.

Winners
Nexstar, up 1.9%
Entercom, up 1.9%
Cumulus, up 1.6

Losers
Saga, down 3.3%
Beasley, down 1.4%
SBS, 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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