Stocks close higher following Fed minutes

By on Jul, 9 2014 with Comments 0

Stocks closed modestly higher on Wednesday after the FOMC minutes revealed that policy-makers decided to end the Fed’s bond purchases by October if the economy stays on track. The S&P gained 9.12 points, or 0.5%, to 1,972.83. The Dow closed 79 points, or 0.5%, higher at 16,985.61. The Nasdaq rose 27.57 points, or 0.6%, to 4,419.03.

The RBR Radio Index was up 11.788, or 1.3%, to 928.648.

The TVBR Television Index was up 10.522, or 1.1%, to 944.289.

Winners
SBS, up 4.8%
Beasley, up 2.7%
Entravision, up 2.0%

Losers
Salem, down .3%
n/a

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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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