Dow reverses triple-digit loss, ends higher

By on May, 5 2014 with Comments 0

Stocks closed higher on Monday, as investors shrugged off earlier worries over the slowing economy in China and deteriorating situation in Ukraine. Better-than-expected data on the U.S. services sector aided markets. The S&P ended the day 3.51 points, or 0.2%, higher at 1,884.65, trading near record levels. The Dow turned a more-than 100-point-loss to a gain of 17.66 points, or 0.1% to 16,530.55. The Nasdaq finished the day 14.16 points, or 0.3%, higher at 4,138.06.

The RBR Radio Index was up 3.226, or .4%, to 921.383.

The TVBR Television Index was up 16.355, or 2.0%, to 842.698.

Winners
Gray, up 4.9%
Sinclair, up 3.8%
Nexstar, up 2.1%

Losers
Cumulus, down .9%
Salem, down .8%
Saga, down .2%

Stocks-050514A

 

 

 

 

 

 

 

 

 

Stocks-050514B

 

 

 

 

 

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.

Comments are closed.