Jobs report boosted stocks on Friday

By on Mar, 9 2012 with Comments 0

The government reported Friday that employers added 227,000 jobs in February and the US unemployment rate held steady at a three-year low of 8.3%. However, the market got a downer from an unintended consequence of the Greek debt deal, with a ruling that it triggered default payments under some insurance contracts. At the closing bell the Dow Jones Industrial Average was up 14 points, or 0.1%, to 12,922. Broadcasting stocks also gained.

The RBR Radio Index was up 6.759, or 2%, to 347.479.

The TVBR Television Index was up 5.507, or 2.2%, to 259.148.

Winners
Salem, up 7.5%
Radio One, up 6.1%
Cumulus, up 4.5%

Losers
Entercom, down 3.3%
Emmis, down 1.4%
Dial Global, down 1.2%

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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