Stocks fall; S&P 500 down for third day

By on Jun, 12 2014 with Comments 0

Stocks fell on Thursday, as a spike in oil prices and softer-than-expected economic data dented sentiment on Wall Street. As unrest in Iraq intensified, concerns over supply sent crude oil prices soaring. Economic data came in below analysts’ forecast, weighing on sentiment. Weekly jobless claims ticked up, rather than the slight drop that was expected. Retail sales in May rose by less than forecast. The S&P fell for the third straight session, closing 13.77 points, or 0.7%, lower at 1,930.12. The Dow built on Wednesday’s losses and finished 109.69 points, or 0.7%, lower at 16,734.19. The Nasdaq ended the day down 34.30 points, or 0.8% at 4,297.63.

The RBR Radio Index was down 10.427, or 1.2%, to 883.665.

The TVBR Television Index was down 15.373, or 1.8%, to 863.071.

Winners
Salem, up 2.3%
Entercom, up .3%
n/a

Losers
Gray, down 2.6%
SBS, down 2.5%
Nexstar, down 2.5%

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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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