Gloomy Friday for Wall Street – 5/20/11


Disappointing numbers from GAP sent retail stocks lower on Friday and a credit downgrade for the Greek government put downward pressure on the entire market. The Dow Jones Industrial Average fell 93 points, or 0.7%, to 12,512. Somehow radio stocks managed to post a small gain, while TV issues joined the retreat.

The RBR Radio Index was up 0.628, or 0.2%, to 382.399.

The TVBR Television Index was down 2.375, or 0.9%, to 258.082.


Radio One, up 3.1%
LIN, up 1.7%
Beasley, up 1.2%

Entravision, down 4.3%
Cumulus, down 3.2%
Fisher, down 2.6%