Stocks close higher, small-caps lead

By on May, 22 2014 with Comments 0

Stocks built on advances from the previous session and closed modestly higher on Thursday, with high-growth and small stocks leading the gains. Investors appeared to shrug off softer economic data, including jobless claims and existing-home sales. The S&P closed 4.47 points, or 0.2%, higher at 1,892.50. The Dow gained 10.02 points, or 0.1%, to 16,543.08. The Nasdaq ended the day up 22.80 points, or 0.6%, at 4,154.34.

The RBR Radio Index was up 1.909, or .2%, to 887.873.

The TVBR Television Index was up 12.019, or 1.5%, to 831.607.

Winners
Radio One, up 3.7%
Saga, up 1.8%
Cumulus, up 1.6%

Losers
CC Media, down 2.1%
Entercom, down .9%
Nexstar, down .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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