Stocks rally; Dow snaps 4-session losing streak

By on Aug, 4 2014 with Comments 0

Stocks rallied on Monday and recouped some of the heavy losses from last week’s rout, but investors remained cautious over the timing of the Fed’s interest-rate hikes. The S&P closed 13.8 points, or 0.7%, higher at 1,938.99, its first gain in three sessions. The Dow added as much as 102 points during the session, before finishing the day 75.91 points, or 0.5%, higher at 16,569.28 and snapping a four-day losing streak. The Nasdaq rose 31.25 points, or 0.7% to 4,383.89.

The RBR Radio Index was up 8.800, or 1.0%, to 851.230.

The TVBR Television Index was up 12.861, or 1.5%, to 890.081.

Winners
Cumulus, up 4.5%
Nexstar, up 3.9%
Entravision, up 2.0%

Losers
Saga, down 1.1%
Radio One, down .7%
n/a

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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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