Stocks Dip As Election Day Nears

By on Nov, 4 2016 with Comments 2

November 8 nerves led investors to push shares downward in Friday’s trading, with the Dow Jones Industrial Average dipping 42.39, to 17,888.28. Nasdaq fell 12.04, to 5,046.37.

Key decliners include The Walt Disney Co., down just shy of 1% on word that its ESPN indeed lost significant cable subscribers in October, according to Nielsen.

On a positive note, CBS benefited from a stellar Q3 by enjoying a $1.51 rise to $57.01. Cumulus Media finished unchaged, at $1.13, after seeing a small gain on Thursday to stem a notable slide in share value seen since its 1-for-8 reverse stock split in mid-October.

The RBR Radio Index rose 2.426, or 0.45%, to 545.122.
The TVBR Television Index rose 5.444, or 0.64%, to 845.930.

 

Gainers

Salem, up 5.7%
CBS, up 2.7%
Entercom, up 2.3%

Decliners

Entravision, down 5.5%
SBS, down 4.2%
Fox, down 2.8%

 

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About The Author:

  1. Just wanted to let you know that Lincoln National should be removed from the Radio Stocks Index. The sale of their stations was completed in July 2015 and they no longer own any radio properties.