Down! Then up! And the market was back down again on Wednesday as investors tried to balance the impact of the US debt downgrade by S&P, reassurance from the Fed that it will keep interest rates low and the Fed’s reasoning for that rate position – that the economic recovery is going quite slowly. So, the Dow Jones Industrial Average was down 520 points, or 4.6%, to 10,720. Broadcasting stocks also took a beating.
The RBR Radio Index was down 14.282, or 4.9%, to 277.767.
The TVBR Television Index was down 16.565, or 7.6%, to 200.652.
SBS, up 0.7%
Beasley, up 0.5%
Gray, down 17.1%
Saga, down 12.2%
Westwood, down 11.2%