Dow gain biggest in over 4 months

By on Aug, 8 2014 with Comments 0

Wall Street closed sharply higher Friday and posted modest gains for the week as risk appetite returned after news reports that Russia ended military exercises on the Ukrainian border. The S&P closed 22.02 points, or 1.2%, to 1,931.59 and finished the week 0.3% higher. The Dow jumped 185.66 points, or 1.1%, to 16,553.93, its biggest one-day percentage gain in more than 4 months. The Nasdaq gained 36.08 points, or 0.8%, to 4,371.07 and recorded a 0.4% weekly gain.

The RBR Radio Index was up 4.510, or .6%, to 801.204.

The TVBR Television Index was up 5.577, or .7%, to 862.273

Winners
Cumulus, up 5.7%
CBS, up 4.1%
Gray, up 2.8%

Losers
Salem, down 4.8%
Entravision, down 1.5%
Nexstar, down 1.0%

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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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