U.S. stocks rise modestly

By on Aug, 14 2014 with Comments 0

U.S. stocks ended Thursday modestly higher, as softer-than-expected economic data reinforced speculation that the Federal Reserve won’t rush to raise interest rates. Investors shrugged off a larger-than-expected jump in jobless claims and mixed earnings from Wal-Mart Stores Inc. and Kohl’s Corp. The S&P 500 SPX +0.44% closed up 8.46 points, or 0.4%, at 1,955.18, with health-care stocks leading the gains. The Dow Jones Industrial Average DJIA +0.37% gained 61.78 points, or 0.4%, to 16,713.58. The Nasdaq Composite COMP +0.43% rose 18.88 points, or 0.4%, to 4,453.00.

The RBR Radio Index was down 6.286, or 0.79%, to 790.116

The TVBR Television Index was down 0.110, or 0.01%, to 803.196

Winners
LIN TV, up 2.7%
Salem Comm., up 2.2%
Cumulus, up 1.3%

Losers
SBS, down 4.8%
Gray, down 3.5%
Radio One, down 2.7%

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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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