S&P 500 closes at record on strong earnings

By on Jul, 23 2014 with Comments 0

Gains in health care and technology sector stocks on the back of impressive profits from Biogen Idec and Apple pushed the S&P 500 to close at a record on Wednesday. The S&P closed 3.49 points, or 0.2%, higher at 1,987.02, closing at a record level for the 26th time this year. The Dow was weighed down by Boeing and closed 26.91 points, or 0.2%, lower at 17,086.63. The Nasdaq ended the session up 17.68 points, or 0.4%, to 4,473.70, with biotechnology companies leading the gains.

The RBR Radio Index was up .010, or 0%, to 910.285.

The TVBR Television Index was down 6.874, or .7%, to 919.709.

Winners
SBS, up 5.9%
CC Media, up 1.1%
n/a

Losers
Cumulus, down 2.2%
Salem, down 2.0%
Gray, down 1.8%

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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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