Stocks sell off; Nasdaq leads losses

By on May, 6 2014 with Comments 0

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.

Winners
Saga, up 11.5%
Radio One, up .4%
n/a

Losers
Gray, down 5.9%
Beasley, down 3.5%
Cumulus, down 3.4%

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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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