Dell drags down the tech stocks – 8/17/11


Stock prices moved up in early trading Wednesday on some good news, such as results from retailer Target, but reversed direction after a disappointing quarterly report from Dell. But in the end the tech-heavy Nasdaq Composite was down, while other indices moved back into positive territory by the closing bell. The Dow Jones Industrial Average was up a mere four points at 11,410. Broadcasting stocks managed to be among the winners.

The RBR Radio Index was up 7.422, or 2.5%, to 302.084.

The TVBR Television Index was up 0.586, or 0.3%, to 211.668.

SBS, up 10.5%
Sinclair, up 6.9%
Entercom, up 6.5%

ACME, down 3%
Gray, down 2.7%
Belo, down 2%