Stocks Drop on Strong Jobs Report


Ironically, what was seen as good news supposedly had the opposite effect on Wall Street – more employed Americans was seen on the Street as a possible catalyst for an earlier interest rate hike from the Fed. But broadcasters were able to shrug off the loss and dip into the black inkwell.

The RBR Radio Index rose 7.380, or 1.1%, to 708.693.

The TVBR Television Index rose 3.987, or 0.4%, to 915.880.

SBS, up 3.4%
Beasley, up 2.8%
Gray, up 2.6%

CBS, down 1.6%
Fox, down 1.1%
iHeart, down 0.9%