Stocks Mixed Ahead of AT&T’s Time Warner Deal
RBR + TVBR WALL STREET BUSINESS REPORT
It was a mixed bag for investors on Wall Street Friday, as the day’s biggest chatter point involved The Wall Street Journal‘s report that AT&T is in “advanced talks” to acquire Time Warner. An official announcement was made late Saturday; coverage can be found on the RBR.com homepage. The Dow Jones Industrial Average was off 16.64, to 18,145.71. Nasdaq climbed 15.57, to 5,257.40. Gains of note included beleaguered Twitter, which rebounded 7% to $18.09 after Japanese firm Softbank is reportedly in takeover talks. Meanwhile, Netflix jumped another 3.4%, to $127.50, while McDonald’s surged 3%, to $113.93 as it beat its Q3 estimates.
The RBR Radio Index fell 5.169, or 0.85%, to 606.317.
The TVBR Television Index rose 4.076, or 0.46%, to 889.936.
CBS, up 2.1%
Beasley, up 1.0%
Cumulus, down 3.6%
SBS, down 1.3%
Emmis, down 1.3%