Stocks end higher as S&P 500, Dow end 2-day skid

By on Jun, 25 2014 with Comments 0

Stocks finished higher Wednesday, recovering from a weak revision of first-quarter economic performance, as media stocks got a lift from the SCOTUS Aereo ruling and refinery stocks wobbled on a weakening of an oil export ban. The S&P rose 9.55 points, or 0.5%, to end at 1,959.53. The Dow gained 49.38 points, or 0.3%, to finish at 16,867.51. The Nasdaq climbed 29.40 points, or 0.7%, to close at 4,379.76.

The RBR Radio Index was down 2.174, or .3%, to 879.872.

The TVBR Television Index was up 67.469, or 7.9%, to 917.659

Winners
Sinclair up 15.6%
Nexstar up 13.5%
Gray up 8.4%

Losers
SBS down 2.9%
CC Media down 2.8%
Saga down 2.3%

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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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