Stock gains led by tech companies

By on May, 19 2014 with Comments 0

Stocks ended Monday modestly higher with small-cap and tech companies leading the gains. Shares in Apple gained 1.2% to $604.59. Gains were muted in light of mixed deal news. The Nasdaq closed 35.23 points, or 0.9%, higher at 4,125.82. The S&P added 7.22 points, or 0.4%, to 1,885.08. Dow rose 20.55 points, or 0.1%, to 16,511.86.

The RBR Radio Index was up 19.796, or 2.3%, to 892.070.

The TVBR Television Index was up 11.019, or 1.3%, to 830.327.

Winners
Gray, up 4.1%
CC Media, up 3.9%
Nexstar, up 3.1%

Losers
Emmis, down 3.0%
Radio One, down 2.5%
Beasley, down 1.2%

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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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