Stocks reverse losses, end higher

By on Jun, 27 2014 with Comments 0

A late-afternoon rally on Wall Street sent U.S. stocks into positive territory on Friday. The main benchmarks closed with modest gains; however the S&P and Dow finished the week marginally lower. The S&P closed 3.90 points, or 0.2%, higher at 1,961.01, but was 0.1% lower for the week. Dow ticked up 6.36 points to 16,852.49, but the weekly loss was 0.6%. The Nasdaq ended the day up 18.88 points, or 0.4% at 4,397.93 and gained 0.7% over the past week.

The RBR Radio Index was up 21.192, or 2.4%, to 910.550.

The TVBR Television Index was up 15.670, or 1.7%, to 935.572.

Winners
Saga, up 10.0%
Beasley, up 5.6%
Nexstar, up 3.1 %

Losers
Radio One, down 3.3%
CBS, down 1.2%
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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