Retail sales and Google boosted stocks – 10/14/11


Stock prices jumped Friday after the Commerce Department’s report on September retail sale4s came in better than had been expected and Google reported strong quarterly results. The Dow Jones Industrial Average rose 166 points, or 1.5%, to 11,644 – back into positive territory for 2011. Broadcasting stocks are strongly impacted by retail sales, so it was surprising that they had a mixed day.

The RBR Radio Index was down 0.266, or 0.1%, to 276.150.

The TVBR Television Index was up 2.290, or 1%, to 227.889.


Salem, up 5.5%
Saga, up 3.1%
LIN, up 2.5%

Beasley, down 5.9%
Emmis, down 4%
SBS, down 1.7%