U.S. financial markets closed the week at an all-time high, with the Dow Jones Industrial Average soaring 217.71, to 25,292.84. The Nasdaq composite index was up 58.64, to 7,136.56.
Unfortunately, media stocks largely failed to ride on the coattails of the overall market growth seen in the first week of 2018.
Among the decliners in Friday’s trading are The E.W. Scripps Co. The owner of radio and TV stations slumped by 8 cents, to $15.32. It’s a renewed push downward for SSP shares, which bottomed out on Nov. 16 at $14.16 a share after being as high as $20.05 in late July 2017.
The slip for Scripps comes as Rebecca Riegelsberger is named VP/Tax and Treasury, moving up from VP/Tax.
Also dipping on Friday: CBS (off 45 cents, to $57.55), Gray Television (down 10 cents, to $16.10), and Nexstar Media Group (off 75 cents, to $73.45).
For a full look at Friday’s closing prices, please view the Wall Street Report at the homepage of RBR.com.