Stocks drifted on Monday – 6/13/11


With no new economic data, the positives for Wall Street on Monday came from some corporate earnings reports, but that was countered by S&P cutting its credit ratings for the Greek national debt. So, the market moved sideways. The Dow Jones Industrial Average ended the session up a single point at 11,953, while the Nasdaq Composite fell a tiny bit and the S&P 500 gained a tiny bit. Broadcasting stocks were among the losers.

The RBR Radio Index was down 10.030, or 3%, to 329.955

The TVBR Television Index was down 1.588, or 0.7%, to 238.581.


LIN, up 4.2%
Sinclair, up 3.1%
Fisher, up 2.6%

ACME, down 10.9%
Salem, down 8.7%
Emmis, down 4.9%