Stocks close higher; Nasdaq gains over week

By on May, 18 2014 with Comments 0

Stocks closed higher Friday after an abrupt late-day reversal. The S&P added 7.01 points, or 0.4%, to 1,877.86 and finished the week roughly where it started it. Dow rose 44.50 points, or 0.3%, to 16,491.31, limiting the weekly loss to 0.6%. It also notched a new record during the week. The Nasdaq’s gain on Friday helped the index to register a weekly gain. The index ended the day up 21.30 points, or 0.5%, at 4,090.59 and gained 0.5% over the week.

The RBR Radio Index was down 23.770, or 2.7%, to 872.274.

The TVBR Television Index was up 17.454, or 2.2%, to 819.308.

Winners
Saga, up 5.7%
Sinclair, up 4.2%
LIN TV, up 3.8%

Losers
SBS, down 30.2%
Salem, down 1.2%
Entercom, down .6%

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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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