Despite Bad Jobs Report, Stocks Rise


Wall Street reacted positively to news that historic job losses — the worst since the Great Depression — weren’t as bad as previously feared.

Nasdaq climbed 141.66 points to 9,121.32 as the Dow Jones Industrial Average improved by 455.43 points, to 24,331.32.

How did media stocks fare?

Townsquare Media was up 4.5% to $4.44, while TEGNA shares dropped a dime, to $10.82.

That was one of the lone dips on Friday, as Sinclair Broadcast Group shares improved by 38 cents to $16.44.

Nexstar’s big rebound continued, with a $5.58 increase to $78.34.

Among the high-profile radio broadcasting companies, Entercom was up 3 cents, to $1.11.