Stocks close higher on upbeat earnings

By on Apr, 29 2014 with Comments 0

Stocks closed higher on Tuesday amid better-than-expected earnings results from companies such as Sprint and Merck. Financials and technology sector stocks led the gains on the S&P 500, while utilities and consumer staples closed lower, suggesting higher risk appetite among investors. The S&P ended the day 8.9 points, or 0.5%, higher at 1,878.33. The Dow closed 86.63 points, or 0.5% higher at 16,535.37. The Nasdaq added 29.14 points, or 0.7% to 4,103.54.

The RBR Radio Index was down 11.735, or 1.2%, to 938.448.

The TVBR Television Index was down 5.966, or .7%, to 802.987.

Winners
Salem, up 1.1%
CBS, up .8%
n/a

Losers
Cumulus, down 3.5%
Emmis, down 2.1%
Beasley, down 1.8%

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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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