Stocks mixed after GDP report – 1/27/12


A government report showed that GDP growth accelerated in Q4, but was still below what private economists had been expecting. That put downward pressure on stock prices on Friday, although the tech-heavy Nasdaq Composite still managed a gain. The Dow Jones Industrial Average was down 74 points, or 0.6%, to 12,660. Broadcasting stocks managed to beat the market.

The RBR Radio Index was up 0.802, or 0.22%, to 369.557.

The TVBR Television Index was up 0.127, or 0.05%, to 262.381.

Entravision, up 3.8%
Salem, up 3.2%
Saga, up 2.6%
CC Media, down 5.3%
Gray, down 3.4%
Nexstar, down 2.8%