Stocks closed lower on Wednesday after the minutes from the Federal’s policy setting meeting revealed little consensus about when short-term rates would begin to rise. The Dow had a volatile session at one point adding more than 90 points. The blue-chip index ended the session 89.84 points, or 0.6%, lower at 16,040.56. The Nasdaq snapped its eight-day winning streak, dropping 34.83 points, or 0.8%, to 4,237.95.
The RBR Radio Index was down 9.920, or 1.1%, to 915.650.
The TVBR Television Index was down 9.240, or 1.2%, to 789.930.
Winners
CC Media, up 6.8%
Nexstar, up .1%
n/a
Losers
Entercom, down 4.2%
Gray, down 3.4%
Cumulus, down 3.1%
