S&P 500 sets record close; Dow regains 17,000

By on Aug, 21 2014 with Comments 0

Stocks advanced Thursday, with the S&P 500 logging its fourth straight daily gain and closing at a record high. Reports on existing-home sales and manufacturing topped forecasts, and expectations of dovish notes in Friday’s speech from Fed Chairwoman Janet Yellen also boosted sentiment. The S&P gained 5.86 points, or 0.3%, to finish at 1,992.37, topping its July 24 all-time closing high of 1,987.98 to set its 28th record close in 2014. The Dow rose 60.43 points, or 0.4%, to 17,039.56. The Nasdaq rose 5.62 points, or 0.1%, to 4,532.10.

The RBR Radio Index was down 2.308, or .3%, to 790.471.

The TVBR Television Index was up 1.729, or .2%, to 829.663

Winners
Salem, up 2.7%
Radio One, up 2.4%
SBS, up 2.0%

Losers
Cumulus, down 3.7%
Emmis, down 3.1%
CC Media, down 1.9%

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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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