Stocks break four-day win streak

By on May, 28 2014 with Comments 0

Stocks ended Wednesday’s choppy session lower with the main benchmarks breaking their four-day winning streak that sent the S&P 500 to record close above 1,900. Analysts attributed small losses to investors taking a breather after four consecutive days of gains. The S&P traded in positive territory for the most of the session but gave up incremental gains and closed 2.13 points, or 0.1%, lower at 1,909.76. The Dow lost 42.32 points, or 0.3%, to 16,633.05. The Nasdaq dipped in and out of negative territory and ended the day down 11.99 points, or 0.3%, at 4,225.07.

The RBR Radio Index was up 4.851, or .5%, to 924.980.

The TVBR Television Index was up 11.640, or 1.4%, to 857.751.

Winners
Gray, up 4.7%
Saga, up 3.6%
Radio One, up 3.5%

Losers
Salem, down 2.4%
Beasley, down 1.8%
SBS, down 1.0%

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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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