Stocks bounce on jobs news – 8/11/11


First time claims for unemployment benefits were lower than expected – good news which sent stocks back up on Thursday. The Dow Jones Industrial Average gained 423 points, or 4%, to 11,143. It was the fourth straight day that the index moved more than 400 points – a first for the blue chip barometer. Broadcasting stocks also had an up day.

The RBR Radio Index was up 3.598, or 1.3%, to 281.365.

The TVBR Television Index was up 12.338, or 6.2%, to 212.990.

Gray, up 15.9%
Belo, up 12.4%
Entercom, up 10.2%

SBS, down 7.4%
Beasley, down 6.6%