Dow drops to close at 3-month low

By on Aug, 7 2014 with Comments 0

Stocks ended Thursday’s session with modest losses, as investors moved out of riskier assets and into gold and U.S. Treasurys. The drop in stocks, while relatively modest, was global, with Asian and European markets also losing ground. The S&P fell 10.67 points, or 0.6%, to 1,909.57. The Dow fell 75.07 points, or 0.5%, to 16,368.27, its lowest close since April 25. The Nasdaq fell 20.08 points, or 0.5%, at 4,334.97.

The RBR Radio Index was down 19.888, or 2.4%, to 796.694.

The TVBR Television Index was down 24.269, or 2.8%, to 856.696.

Winners
Nexstar, up 4.5%
Salem, up 1.5%
Saga, up .2%

Losers
Entravision, down 16.3%
Cumulus, down 8.4%
Radio One, down 7.5%

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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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