Stocks Extend Gains As Investors Vote

By on Nov, 8 2016 with Comments 0

With the results hours away, Wall Street bet on a victory for Democratic hopeful Hillary Clinton on Tuesday.

The Dow Jones Industrials Average improved 73.14, to 18,332.74. Nasdaq jumped 27.32, to 5,193.49.

The good vibes weren’t universally felt, however, as lower-than-anticipated political dollars led investors to sell shares in Entercom (-3.8%, to $12.65), Salem (-8.8%, to $5.20), and Gray Television (off 10.4%, to $7.35).

The RBR Radio Index fell 9.623, or 1.73%, to 546.440.
The TVBR Television Index fell 10.518, or 1.23%, to 844.255.


Radio One, up 2.0%
Nexstar, up 1.8%
Saga, up 0.8%


Gray, down 10.4%
Salem, down 8.8%
iHeart, down 6.4%



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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