Stocks rally; S&P 500, Dow hit record

By on May, 12 2014 with Comments 0

Stocks ended Monday with best gains in nearly a month that sent both the S&P 500 and the Dow Jones Industrial Average to record levels. Broad-based gains on the S&P 500 were led by technology and industrial sector stocks, while deal news in the food industry boosted investor sentiment. The S&P added 18.17 points, or 1%, to 1,896.65. Four consecutive days of gains sent the Dow to an intraday high. The blue-chip index closed near session highs, gaining 112.13 points, or 0.7%, to 16,695.47. The Nasdaq gained the most in more than three months, adding 72 points, or 1.8% to 4,143.86.

The RBR Radio Index was up 21.921, or 2.4%, to 922.096.

The TVBR Television Index was up 30.210, or 3.8%, to 836.275.

Winners
Entravision, up 9.9%
Radio One, up 6.7%
Saga, up 5.6%

Losers
SBS, down .8%
Salem, down .3%
Emmis, down .3%

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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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