Stocks offset Ukraine-inspired losses

By on Aug, 15 2014 with Comments 0

Stocks trimmed losses Friday that were scored after news of a clash between Ukrainian and Russian military units on Ukraine soil sparked a flight out of riskier assets into Treasurys. The S&P 500 SPX -0.01% remained 1.49 poitns lower, or down 0.1%, at 1,953.86 after trading as low as 1,941.40 The Dow Jones Industrial Average DJIA -0.30% trimmed a triple-digit gain to remain 47.01 points lower at 16,666.57. The Nasdaq Composite COMP +0.27% returned to positive territory, rising 0.2% to 4,463.04.

The RBR Radio Index was up 7.216, or 0.91%, to 797.332

The TVBR Television Index was down 4.506, or 0.56%, to 798.690

Winners
Radio One, up 4.8%
LIN TV, up 2.0%
Saga Comm., up 1.5%

Losers
Sinclair, down 3.2%
Entercom, down 2.0%
Nexstar, down 1.6%

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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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