S&P closes at record 16th time for 2014

By on Jun, 4 2014 with Comments 0

Stocks ended Wednesday with modest gains that sent the benchmark S&P to a record level for the 16th time this year. Investors appeared to have shrugged off weaker-than-expected economic reports, such as private-sector jobs and trading deficit data. The S&P closed near session highs, up 3.62 points, or 0.2%, at 1,927.86. The Dow rose 15.19 points, or 0.1%, to 16,737.53. The Nasdaq ended the day up 17.56 points, or 0.4%, at 4,251.64.

The RBR Radio Index was down 5.324, or .6%, to 886.986.

The TVBR Television Index was up 1.656, or .2%, to 865.081.

Winners
Radio One, up 2.3%
Emmis, up .7%
LIN TV, up .7%

Losers
Beasley, down 4.7%
Saga, down 2.9%
Salem, down .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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