Stocks fall; Dow in triple-digit loss

By on May, 20 2014 with Comments 0

Stocks ended Tuesday with losses as disappointing earnings. Selling intensified in the afternoon after comments from Philadelphia Fed president Charles Plosser, who said that Fed may need to act sooner rather than later should the economy accelerate. The S&P closed 12.24 points, or 0.7%, lower at 1,872.84. The Dow shed 137.55 points, or 0.8%, to 16,374.31. The Nasdaq ended the day down 28.92 points, or 0.7%, at 4,096.89.

The RBR Radio Index was down 6.106, or .7%, to 885.964.

The TVBR Television Index was down 10.739, or 1.3%, to 819.588.

Winners
SBS, up 6.0%
Cumulus, up .7%
Sinclair, up .2%

Losers
Gray, down 3.1%
Beasley, down 3.0%
Saga, down 3.0%

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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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