Stocks sell off after Malaysia Airlines crash

By on Jul, 17 2014 with Comments 0

Stocks ended sharply lower Thursday as selling took hold after a Malaysia Airlines jet crashed near the Ukraine-Russia border. Investors turned to assets perceived as havens, such as U.S. Treasurys and gold, pushing their prices sharply higher. Read also: Malaysia Airlines crash triggers risk-off reaction. The S&P closed down 23.45 points, or 1.2%, to 1,958.12, its biggest one-day drop since 4/10. The Dow dropped 161.39 points, or 0.9%, to 16,976.81, its biggest one-day point decline since 5/15. The Nasdaq ended the day down 62.52 points, or 1.4%, at 4,363.45.

The RBR Radio Index was down 17.942, or 1.9%, to 908.299.

The TVBR Television Index was down .139, or .02%, to 920.547.

Winners
Sinclair, up 1.4%
CBS, up 1.3%
Nexstar, up .4%

Losers
Salem, down 4.4%
Beasley, down 3.5%
Entercom, down 2.5%

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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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