Stocks lower over service data, rate cuts


Stocks finished moderately lower Thursday, coming back from a steeper decline, as investors weighed poor service sector growth and central bank rate cuts. The Dow Jones Industrial Average closed down 47.15 points, or 0.4%, at 12,896.67, in a session that saw the index down as many as 92 points. Broadcast stocks were both up.

The RBR Radio Index was up 3.518, or .8%, to 454.373.

The TVBR Television Index was up .461, or .2%, to 239.224.

Gray, up 7.7%
SBS, up 3.7%
Entravision, up 3.6%

Nexstar, down 3.4%
LIN TV, down 2.4%
Sinclair, down 1.9%

Stock Chart