Stocks reverse gains in late trade


Stocks reversed early gains and finished Friday lower but still recorded modest weekly gains. The main indexes marched higher in the morning, but gains dissipated by afternoon. The S&P ended the day 5.61 points, or 0.3%, lower at 1,866.40. The shed 28.28 points, or 0.2%, to 16,302.77. The blue-chip index gained 1.5% over the past five trading days.

The RBR Radio Index was up 7.982, or .8%, to 973.396.

The TVBR Television Index was up 31.449, or 4.1%, to 792.428.

LIN TV, up 22.5%
Saga, up 4.6%
Nexstar, up 2.8%

Entravision, down 3.3%
CBS, down .7%
Beasley, down .3%