IBM drags on Dow; Stocks mostly rise


Stocks closed mostly higher on Wednesday after trading in a narrow range for most of the session. Markets shrugged off mostly disappointing earnings, but results from IBM weighed on the blue chips. The Dow fell 41.10 points, or 0.3%, to 16,373.34, falling for the second day in a row. The Nasdaq was the best performing index, gaining 17.24 points, or 0.4%, to 4,243.00, its highest level since July 17, 2000.

The RBR Radio Index was down 6.095, or .7%, to 900.450.

The TVBR Television Index was up 19.177, or 2.4%, to 806.027.

ACME, up 19.1%
Gray, up 2.4%
CBS, up 1.8%

Cumulus, down 3.9%
Sinclair, down 1.8%
Beasley, down 1.5%