Stocks rally on Yellen talk; S&P 500 hits record

By on Jun, 18 2014 with Comments 0

Stocks rallied Wednesday, gaining the most in four weeks, after the Federal Reserve chief signaled no hurry to raise rates. The S&P added 14.99 points, or 0.8%, to 1,956.98, the largest one-day percentage gain in four weeks. It also took out its June 9 intraday record, hitting a new high of 1,957.81. The Dow gained 98.13 points, or 0.6%, to 16,906.62. The Nasdaq ended the day up 25.60 points, or 0.6% at 4,362.84, its highest since April 2000.

The RBR Radio Index was up 10.635, or 1.2%, to 893.185.

The TVBR Television Index was up 10.538, or 1.22%, to 872.802.

Winners
Salem, up 5.9%
Sinclair, up 3.0%
Cumulus, up 2.8%

Losers
Saga, down 3.5%
Beasley, down .3%
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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