Stocks Dip, Just Like Oil Prices

By on Oct, 20 2016 with Comments 0

RBR + TVBR’s WALL STREET BUSINESS REPORT

Crude oil rallied to a 15-month high on Wednesday, resulting in a gain on Wall Street. Yesterday, crude oil prices slid – and investors reacted by sending the Dow Jones Industrial Average down 40.27 points, to 18,162.35. AT&T slipped 73 cents, to $38.65, while Tribune Media Co. fell 74 cents, to $33.66. Meanwhile, Netflix continued its hot streak, with a $1.48 gain pushing shares to $123.35.

The RBR Radio Index fell 1.327, or 0.22%, to 911.486.

The TVBR Television Index fell 8.090, or 0.90%, to 885.860.

 

Gainers

Emmis, 2.4%
CBS, up 1.7%
Cumulus, up 1.0%

Decliners

Entravision, down 3.2%
Gray, down 2.5%
Beasley, down 2.0%

 

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Filed Under Broadcasting Stocks

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