Big Ben sends stocks still lower – 6/7/11


Fed chief Ben Bernanke told a conference in Atlanta that the economic recovery is “frustratingly slow.” That was not surprising, but it still got a negative reaction from Wall Street traders. The Dow Jones Industrial Average fell 19 points, or 0.2%, to 12,071. Broadcasting stocks had a mixed day, with some bargain hunting following the recent sell-off in radio stocks.

The RBR Radio Index was up 7.558, or 2.3%, to 342.746.

The TVBR Television Index was down 1.407, or 0.6%, to 249.259.


Saga, up 8.3%
Westwood, up 8%
Beasley, up 4.1%

Fisher, down 2.2%
Radio One, down 2.1%
Entravision, down 2%