Guidance below expectations by Qualcomm added to the tech malaise on Wall Street – and more worrying about European economies didn’t help either. The Dow Jones Industrial Average fell 69 points, or 0.5%, to 12,964. Dow Jones Indexes said only three of the 30 component stocks rose, 27 fell. Broadcasting stocks, however, had a mixed day.
The RBR Radio Index was up 1.594, or 0.4%, to 398.029.
The TVBR Television Index was down 1.713, or 0.7%, to 240.088.
Winners
CC Media, up 4.2%
Dial Global, up 3%
Salem, up 2.9%
Losers
Entercom, down 3.9%
LIN, down 2.5%
Saga, down 2.3%
