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.
Gray, up 5.4%
Dial Global, up 4.6%
Salem, up 3.9%
Emmis, down 4.7%
ACME, down 4.3%
Radio One, down 1.7%