Stocks score highest close since 2007


Stocks rose on Friday and posted strong weekly gains, with the S&P 500 closing at its highest level since 2007, after Congress passed crucial budget legislation and data showed the economy is continuing to add jobs at a moderate pace. The S&P 500 index rose 7.10 points, or 0.5%, to 1,466.47; for the week, it gained 4.6%. The Dow Jones Industrial Average climbed 43.85 points, or 0.3%, to 13,435.21, leaving it up 3.8% for the week.

The RBR Radio Index was up 6.535, or 1.5%, to 443.193.

The TVBR Television Index was up 5.846, or 1.7%, to 348.766.

Radio One, up 10.7%
ACME, up 10.0%
Saga, up 3.6%

Emmis, down 5.0%
CBS, down 1.1%
Sinclair, down .6%