A Shaky Trading Session For SBS


U.S. financial markets were largely up on Wednesday, as the latest forecast models for Hurricane Irma showed the power storm shifting east of the state of Florida.

At the Closing Bell, the Dow Jones Industrial Average was up by 54.33 points, to 21,807.64. The Nasdaq composite index was up 17.74, to 6393.31.

While the overall markets were up, it was a bruising session for Spanish Broadcasting System (SBS), which today released a statement repudiating the recent claims made by SAG-AFTRA regarding alleged anti-union actions purported to have been undertaken at its radio facilities in Los Angeles.

SBS is also heavily exposed in Miami and in Puerto Rico, where Hurricane Irma is presently harming the U.S. territory. SBS shares dipped 15.9%, to 85 cents.

Also down: CBS Corp., which saw its shares slip by 2.6%, to $61.98.

Closing upward on Wednesday were Veritone, Beasley Media Group, and Saga Communications. 

For a complete look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.