S&P 500 suffers largest weekly loss in 2 years

By on Aug, 1 2014 with Comments 0

Stocks on Friday built on the week’s losses, leaving the S&P with its biggest weekly drop in two years. Thursday’s selloff continued as investors remained fearful that the Fed might raise interest rates sooner than expected. The S&P fell 5.52 points, or 0.3% to end at 1,925.15. The benchmark endured a weekly loss of 2.7%, its largest percentage drop since the week ended 6/1/12. It’s now off 3.2% from its 7/24 record close. The Dow dropped 69.93 points, or 0.4%, to finish at 16,493.37 on Friday. The Nasdaq was down 17.13 points, or 0.4%, to close at 4,352.64, leaving it down 2.2% for the week.

The RBR Radio Index was down 2.702, or .3%, to 842.430.

The TVBR Television Index was down 2.326, or .3%, to 877.220.

Winners
CC Media, up 2.6%
Salem, up 1.7%
Emmis, up 1.2%

Losers
SBS, down 2.6%
Entravision, down 2.3%
Radio One, down 2.3%

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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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