Stocks close sharply lower on Fed comments


Stocks ended a choppy Wednesday session sharply lower after comments from Federal Reserve Chairman Ben Bernanke and minutes from the Fed’s latest rate-setting meeting signaled the central bank was getting closer to winding down its bond-buying program. After rising as much as 154.8 points, the Dow was down 80.48 points, or 0.5%, to 15,307.1 at the close, its biggest drop since May 1.

The RBR Radio Index was down .980, or .2%, to 634.407.

The TVBR Television Index was down 25.725, or 4.2%, to 594.602.

Emmis, up 3.9%
SBS, up 7.7%
Entercom, up 1.6%

ACME, down 14.3%
Entravision, down 9.5%
Gray, down 5.7%