Bank stocks led market retreat – 2/22/12


Continued worries about Europe’s debt problems got more attention from traders than some good corporate earnings reports, so stocks headed lower on Wednesday, with the banking sector hardest hit. The Dow Jones Industrial Average fell 27 points, or 0.2%, to 12,939. Broadcasting stocks managed a mixed finish. 

The RBR Radio Index was up 0.920, or 0.3%, to 355.499.

The TVBR Television Index was down 2.568, or 1%, to 255.842.

SBS, up 11.4%
Salem, up 3.4%
Arbitron, up 0.7%

Beasley, down 5.2%
LIN, down 3.1%
Saga, down 3%