Stocks close lower; trim weekly gains

By on May, 2 2014 with Comments 0

Stocks closed slightly lower on Friday, capping weekly gains, as concerns over conflict in Ukraine outweighed an upbeat jobs report. The Dow lost 45.98 points, or 0.3% to 16,512.89, but still recorded a gain of 0.9% over the past week. The S&P ended the day 2.54 points, or 0.1%, lower at 1,881.14 and gained 1% over the week. The Nasdaq finished the day 3.55 points, or 0.1%, lower at 4,123.90 and gained 1.2% over the week.

The RBR Radio Index was down 1.487, or .2%, to 918.157.

The TVBR Television Index was up 2.492, or .3%, to 826.343.

Winners
Radio One, up 3.4%
Cumulus, up 2.6%
Nexstar, up 1.9%

Losers
Saga, down 5.7%
Gray, down 2.3%
Entercom, down 1.9%

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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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