Stocks took a dive on Friday – 3/4/11


The nation’s unemployment rate improved in Friday’s report, which was good news. But Wall Street traders had expected that, so they were more focused on oil prices, which were shooting up, so stock prices fell pretty much across the board. The Dow Jones Industrial Average dropped 88 points, or 0.7%, to 12,170. Nearly all broadcasting stocks were lower.

The RBR Radio Index was down 2.114, or 0.5%, to 402.039.

The TVBR Television Index was down 3.961, or 1.5%, to 262.704.


Radio One, up 5.7%
Saga, up 1.8%
Entravision, up 0.5%

LIN, down 4.2%
SBS, down 4.1%
ACME, down 4%