Stocks closed broadly lower on Wednesday, as investors turned cautious while selloff of small and high-growth companies resumed. The Dow broke its five-day winning streak and closed 101.47. points, or 0.6%, lower at 16,613.97. The S&P finished 8.9 points, or 0.5% lower at 1,888.52. The Nasdaq ended the day down 29.54 points, or 0.7%, at 4,100.63.
The RBR Radio Index was down 23.984, or 2.6%, to 902.319.
The TVBR Television Index was down 16.341, or 2.0%, to 800.104.
Entercom, up .4%
Saga, down 5.9%
Radio One, down 5.0%
Emmis, down 3.1%