Stocks’ weekly losses are most in 2 months

By on Jun, 13 2014 with Comments 0

Stocks finished the week with the worst losses in two months. On Friday, the main benchmarks rose modestly but trading was choppy with news out of Iraq resulting in price swings in late trade. The S&P closed 6.04 points, or 0.3%, higher at 1,936.15, but recorded a 0.7% loss over the week. The Dow added 41.49 points, or 0.3%, to 16,775.58. The blue-chip index lost 0.9% over the past five days. The Nasdaq ended the day up 13.02 points, or 0.3% at 4,310.65 and declined 0.3% over the week.

The RBR Radio Index was up 2.033, or.2%, to 885.698.

The TVBR Television Index was up 4.007, or .5%, to 867.078.

Winners
Nexstar, up 2.8%
Radio One, up 2.7%
CC Media, up 1.4%

Losers
Salem, down 2.2%
Entravision, down 1.5%
Saga, down 1.0%

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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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