Stocks drop with consumer confidence

By on Mar, 27 2012 with Comments 0

A drop in the Conference Board’s Consumer Confidence Index was not welcome news on Wall Street – and reason to put the brakes on the recent rally. The Dow Jones Industrial Average fell 44 points, or 0.3%, to 13,198. Broadcasting stocks slipped with the market.

The RBR Radio Index was down 1.860, or 0.5%, to 376.531.

The TVBR Television Index was down 1.491, or 0.6%, to 267.176.

Winners
ACME, up 11.1%
SBS, up 10.6%
Salem, up 0.4%

Losers
Saga, down 10.9%
Nexstar, down 3.5%
Gray, down 3%

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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