Stocks drop sharply; Dow off 135 points


Stocks closed sharply lower on Thursday, retreating from record highs after data pointed to a slowdown in manufacturing activity in China and investors booked some profits after the market’s strong rally in 2013. The Dow declined 135.31 points, or 0.8%, to 16,441.35 and the S&P dropped 16.38 points, or 0.9%, to 1,831.98.

The RBR Radio Index was up 38.853, or 4.6%, to 883.427.

The TVBR Television Index was up 24.608, or 2.8%, to 898.682.

ACME, up 33.3%
SBS, up 9.9%
CC Media, up 7.2%

LIN TV, down 3.7%
Nexstar, down 1.0%
Gray, down .9%