S&P 500, Dow set fresh records

By on Jul, 1 2014 with Comments 0

The S&P 500 and the Dow closed at record levels, led by gains in the health-care, tech and consumer discretionary sectors. Economic data continued to point to an improving economy; a manufacturing index showed the strongest level of new orders since the end of last year. The S&P gained 13.09 points, or 0.7%, to end at 1,973.32, its 23rd record close this year. The Dow came within two points of 17,000 during the session. It gained 129.47 points, or 0.8%, to close at 16,956.04. The Nasdaq rose 50.47 points, or 1.1%, to 4,458.65, its highest level since March 2000.

The RBR Radio Index was up 15.129, or 1.6%, to 947.624.

The TVBR Television Index was up 15.572, or 1.7%, to 958.992.

Winners
CC Media, up 10.3%
Beasley, up 7.7%
Entravision, up 3.2%

Losers
SBS, down 5.4%
Emmis, down .5%
Saga, down .4%

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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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