Stocks close broadly lower Friday, down for week

By on Apr, 25 2014 with Comments 0

Stocks dropped Friday, hit by renewed tensions between Russia and Ukraine as well as a batch of disappointing earnings reports. The S&P fell 15.21 points, or 0.8%, to close at 1,863.40. The Dow shed 140.19 points, or nearly 0.9%, to finish at 16,361.46. The blue-chip index shed 0.3% for the week. The Nasdaq slid 72.78 points, or nearly 1.8%, to end at 4,075.56. The tech-heavy index lost 0.5% for the week.

The RBR Radio Index was down 19.657, or 2.0%, to 942.638.

The TVBR Television Index was down 10.735, or 1.3%, to 815.784.

Winners
CC Media, up 1.4%
LIN TV, up .3%
n/a

Losers
Salem, down 4.0%
Beasley, down 3.6%
Saga, down 2.9%

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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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