Dow, S&P set new records in strong week for stocks

By on Jul, 3 2014 with Comments 0

The S&P and Dow closed at record levels in a holiday-shortened week, fueled by a jobs report that was far stronger than expected but nonetheless isn’t shifting expectations about when the Fed will start raising interest rates. Both the NYSE  and Nasdaq closed early at 1 p.m. ET for the July 4th holiday. The Dow closed 92.41 points, or 0.6%, higher at the preliminary 17,068.26 and gained 1.3% over the week. The S&P added 10.81 points, or 0.6%, to 1,985.343 and was 1.3% higher on the week. The Nasdaq added 28.19 points, or 0.6%, to 4,485.93 and finished the week with a 2% gain, its third weekly gain in a row.

The RBR Radio Index was up 2.533, or .3%, to 952.074.

The TVBR Television Index was up 5.685, or .6%, to 969.158.

Winners
CC Media, up 2.8%
Entravision, up 2.1%
Beasley, up 1.8%

Losers
Saga, down 4.0%
Emmis, down 1.7%
SBS, down .6%

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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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