Stocks fall; Dow weekly loss biggest in 6 weeks

By on Jul, 25 2014 with Comments 0

The Dow dropped below 17,000 on Friday on disappointing earnings, leaving it with its biggest weekly decline in six weeks. Big declines consumer discretionary stocks, led by Amazon.com, pushed the S&P 500 away from the record close set on Thursday. The Dow lost 123.23 points, or 0.7%, to 16,960.57, weighed down by losses in Visa. The S&P closed 9.6 points, or 0.5%, lower at 1,978.34 and finished the week roughly where it started it. The Nasdaq shed 22.5 points, or 0.5%, to 4,449.56, but eked out a weekly gain of 0.4%.

RBR Radio Index was down 15.313, or 1.68%, to 894.972.

The TVBR Television Index was down 6.522, or .71%, to 913.187.

Winners
Sinclair, up .2%
n/a
n/a

Losers
SBS, down 2.8%
Cumulus, down 2.7%
Radio One, down 2.1%

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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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