Stocks sell off; Nasdaq leads losses
Stocks sold off on Tuesday as dumping of momentum plays, such as Twitter and economically sensitive stocks, such as AIG, spread to broader markets. Financials and consumer discretionary stocks were hardest hit on the S&P, which ended the day at session lows, down 16.94 points, or 0.9%, at 1,867.72. The Dow dropped 129.53 or 0.8% to 16,401.02. The Nasdaq finished the day 57.30 points, or 1.4%, lower at 4,080.76.
The RBR Radio Index was down .255, or .03%, to 921.128.
The TVBR Television Index was down 18.274, or 2.2%, to 824.424.
Saga, up 11.5%
Radio One, up .4%
Gray, down 5.9%
Beasley, down 3.5%
Cumulus, down 3.4%