Positive Payroll Report Leads To Wall Street Rebound


The extreme gyrations of U.S. stock market indices continued on Friday, as a good jobs report from the White House led investors to buy. This sent the Dow Jones Industrial Average up 372.68 points, to 26,573.72, while the Nasdaq was up 110.21 points, to 7,982.47.

For media stocks, most companies were up.

Those that weren’t include Nexstar Media Group, down a penny to $98.99 after a hot run toward a new record high, and the struggling Salem Media Group, off 3 cents to $1.50.

Also down: iHeartMedia and Entercom, while Entravision sits at $2.78, off 3.5% on word it is being sued by Global Music Rights for playing Classic Rock songs without a license from early 2017.