Stocks down on Europe, corporate warnings


Stocks extended declines into a fourth session Tuesday as investors dumped companies — particularly industrials and other cyclical stocks — on a spate of corporate warnings and headlines from Europe. The Dow Jones Industrial Average fell 83.17 points, or 0.7%, to 12,653.12, led by a 4.1% drop in Alcoa shares. Broadcast stocks were down as well.

The RBR Radio Index was down 4.769, or 1.1%, to 450.992.

The TVBR Television Index was down .571, or .2%, to 232.496.

LIN TV, up 3.8%
Radio One, up 3.1%
Entravision, up 2.8%

CC Media, down 10.1%
ACME, down 2.9%
Belo, down 2.5%

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