Stocks end higher, recover from post-Fed dip

By on Aug, 20 2014 with Comments 0

Stocks closed higher on Wednesday, shaking off a dip that came after Fed minutes indicated that policy makers talked at their last meeting about a sooner-than-anticipated hike to interest rates. The S&P rose 4.91 points, or less than 0.3%, to finish at 1,986.51. The Dow tacked on 59.54 points, or nearly 0.4%, to finish at 16,979.13, while the Nasdaq was roughly unchanged, edging down by 1.03 points to 4,526.48.

The RBR Radio Index was up 3.224, or .4%, to 792.779.

The TVBR Television Index was up 2.198, or .3%, to 827.934

Winners
Cumulus, up 6.0%
CC Media, up 3.9%
LIN TV, up 2.7%

Losers
Salem, down 3.0%
Radio One, down 2.3%
Entravision, down 1.3%

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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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