Stocks fall on pessimism about the Fed


Minutes from the last Federal Reserve meeting disappointed Wall Street by indicating that the Fed is not inclined toward additional measures to stimulate the economy. The Dow Jones Industrial Average fell 6.5%, or 0.5%, to 13,200. Broadcasting stocks also retreated.

The RBR Radio Index was down 2.175, or 0.6%, to 391.830.

The TVBR Television Index was down 5.900, or 2.2%, to 263.011.

CC Media, up 5.6%
Radio One, up 4.9%
Fisher, up 2.3%

SBS, down 7.8%
ACME, down 7.2%
Dial Global, down 5%