Stock losses capped by late afternoon surge
Stocks staged a rebound in the afternoon session, paring most of the losses. However, stocks still ended the day slightly lower. A selloff in the morning after St. Louis Fed president James Bullard’s rate hike comments sent the Dow down 119 points. The blue-chip index has recovered and closed 21.38 points, or 0.1%, lower at 16,846.13. The S&P closed off 2.31 points, or 0.1%, at 1,957.22. The Nasdaq ended the day down less than a point at 4,379.05.
The RBR Radio Index was up 9.486, or 1.1%, to 889.358.
The TVBR Television Index was up 2.243, or .2%, to 919.902
Radio One up 3.6%
Cumulus up 2.4%
Saga up 1.1%
LIN TV down .9%
CBS down .8%
Nexstar down .8%