Major retailers reported better-than-expected results, pushing their own stocks higher and bringing along the rest of the market. The Dow Jones Industrial Average rose 20 points, or 0.2%, to 12,062. What’s good for retailers is good for broadcasters, so radio and TV stocks gained.
The RBR Radio Index was up 5.711, or 1.6%, to 365.285.
The TVBR Television Index was up 1.810, or 0.8%, to 225.570.
CC Media, up 10.4%
Entravision, up 4.2%
Radio One, up 4.2%
SBS, down 3.1%
Nexstar, down 3%
Beasley, down 0.8%