Dow drops after Bernanke comments – 7/14/11


Stocks fell Thursday after Federal Reserve Chair Ben Bernanke said the central bank may not be as willing to move on further stimulus as previously thought. The Dow Jones Industrial Average slipped 54 points to end at 12,437. Radio and television stocks were down pretty much across the board.

The RBR Radio Index was down 5.947, or 1.7%, to 355.521.

The TVBR Television Index was down 4.265, or 1.6%, to 261.878.

ACME, up 4.7%
Arbitron, up 1.0%
Cumulus, up 1.0%

Radio One, down 5.2%
Gray, down 3.9%
Nexstar, down 3.5%