Stocks end near unchanged; Dow halts win streak

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Stocks closed little changed on Wednesday after Federal Reserve Chairman Ben Bernanke warned the Fed does not have the ability to shield the economy from automatic and steep cuts in federal spending and tax hikes. After an 81-point jump, the Dow Jones Industrial Average finished with a 2.99-point loss at 13,245.45, halting its longest win streak in eight months.


The RBR Radio Index was down 3.858, or 1.0%, to 401.901.

The TVBR Television Index was up 5.226, or 1.6%, to 339.219.

Winners
ACME, up 10.4%
Emmis, up 3.5%
Gray, up 2.3%

Losers
Beasley, down 5.0%
Radio One, down 3.8%
Entravision, down 3.1%

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