Stocks fall on earnings; Alcoa weighs on Dow


Stocks fell sharply Wednesday, with the S&P 500 Index ending lower for a fourth consecutive trading session, after aluminum producer Alcoa cut its global demand outlook and Chevron warned of lower earnings. The Dow Jones Industrial Average fell 128.56 points, or 1%, to close at 13,344.97, dropping for a third trading session. Broadcast stocks were contrarian.

The RBR Radio Index was up .095, or .01%, to 418.093.

The TVBR Television Index was up 2.057, or .6%, to 324.002.

Dial Global, up 4.6%
Sinclair, up 1.9%
Salem, up 1.2%

CC Media, down 4.0%
Radio One, down 1.8%
CBS, down .7%

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