Tech and commodity shares led the way as stocks rose broadly on Wednesday. Late in the session the Federal Reserve indicated that it would keep interest rates low, which was also welcomed. The Dow Jones Industrial Average briefly crossed 12K and closed with a gain of eight points, or 0.1%, at 11,985. Broadcasting stocks also gained.
The RBR Radio Index was up 5.320, or 1.5%, to 353.173.
The TVBR Television Index was up 6.210, or 2.8%, to 224.748 – an all-time high.
CC Media, up 6.1%
Entravision, up 5%
LIN, up 4.9%
SBS, down 2.1%
Saga, down 1.4%
Beasley, down 0.2%