Stocks end lower; biotech, internet stocks sell off

By on Jul, 7 2014 with Comments 0

Stock markets on Monday gave up some of last week’s gains that sent the Dow above 17,000 for the first time. Investors took a step back to reassess Thursday’s stronger-than-expected jobs report while awaiting Q2 earnings this week. The S&P closed 7.8 points, or 0.4%, lower at 1,977.65. The Dow fell 44.05 points, or 0.3%, to 17,024.21. The Nasdaq was dragged down by losses in biotech and Internet companies, ending the day down 34.4 points, or 0.8%, to 4,451.53.

The RBR Radio Index was down 14.414, or 1.5%, to 937.660.

The TVBR Television Index was down 17.887, or 1.9%, to 951.271.

Winners
CC Media, up 1.2%
Radio One, up .6%
n/a

Losers
Beasley, down 4.0%
Saga, down 3.9%
Gray, down 3.4%

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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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