Debt threat worries Wall Street – 7/18/11


With no sign of a deal between President Obama and Congress to avert a debt default, Wall Streeters aren’t in the mood to buy stocks. The Dow Jones Industrial Average fell 95 points, or 0.8%, to 12,385. Broadcasting stocks were not spared.

The RBR Radio Index was down 5.434, or 1.5%, to 351.974.

The TVBR Television Index was down 5.933, or 2.4%, to 246.545.

Salem, up 3.7%
CC Media, up 0.6%
Radio One, up 0.6%

Fisher, down 4.4%
SBS, down 4.4%
Nexstar, down 3.9%