Nasdaq falls for third straight day

By on May, 8 2014 with Comments 0

Stocks ended a volatile session on Thursday with modest losses, driven by renewed selloffs in previously high-flying names. At session highs, the Dow Jones Industrial Average topped its previous record close level, but failed to break through it. The Nasdaq shed 16.18 points, or 0.4%, to 4,051.50, losing 2.1% over the past three sessions. The S&P ended the day down 2.58 points, or 0.1%, at 1,875.63. The Dow closed 32.43 points, or 0.2%, higher at 16,550.97.

The RBR Radio Index was down 11.601, or 1.3%, to 902.773.

The TVBR Television Index was down 16.175, or 2.0%, to 802.648.

Winners
CBS, up 2.4%
Saga, up 2.1%
SBS, up .6%

Losers
Radio One, down 8.6%
Entravision, down 4.5%
Gray, down 4.5%

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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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