Good news on jobs front boosts stocks – 2/16/12

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New claims for unemployment benefits fell, which put Wall Street traders in a buying frame of mind. The Dow Jones Industrial Average rose 123 points, or 1%, to 12,904 – its highest close since May of 2008. Broadcasting stocks had a good day.


The RBR Radio Index was up 2.005, or 0.6%, to 358.745.

The TVBR Television Index was up 1.878, or 0.7%, to 263.389.

Winners
Gray, up 5.4%
Dial Global, up 4.6%
Salem, up 3.9%

Losers
Emmis, down 4.7%
ACME, down 4.3%
Radio One, down 1.7%