Stocks end higher on Markit PMI, deal boost


Stocks closed higher on Thursday, shaking off early losses that came amid downbeat reports from the Philly Fed, China and Europe. Traders found encouragement in a U.S. manufacturing gauge, Markit’s flash purchasing manager’s index, jumping to its highest level in almost four years. The Dow gained 92.67 points, or 0.6%, to 16,133.23.

The RBR Radio Index was up 11.494, or 1.3%, to 927.144.

The TVBR Television Index was up 25.446, or 3.2%, to 815.376.

CC Media, up 12.7%
Entercom, up 6.0%
Nexstar, up 5.3%

Radio One, down 3.4%
Emmis, down 2.9%
Cumulus, down 2.4%