The Dow Jones Industrial Average dipped 122.65 points, to 19,971.13, on Monday as airline stocks suffered from an executive order limiting travel to the U.S. for individuals from several nations singled out for possible terrorist cells and/or activities. The Nasdaq composite index was off 47.07, to 5,613.71.
Among the gainers on Wall Street were radio companies such as Townsquare Media, up 3.25%, to $10.79, and Cumulus Media, which is back over the $1 threshold with a 2.1% climb, to $1.01. On the decline was iHeartMedia, off 3.5%, to $1.10.
However, the severe trading woes continued for Spanish Broadcasting System (SBS), which saw shares in its “SBSAA” OTC stock nosedive another 7.4%, to $1.25, on Monday. SBS shifted to the over-the-counter exchange after being delisted on Nasdaq Jan. 18, and in its first trading day as “SBSAA” on Jan. 19 opened at $2.40 a share. It’s been on a downward slide ever since.
The RBR Radio Index fell 6.241, or 1.05%, to 587.856.
The TVBR Television Index rose 4.398, or 0.45%, to 980.328.
Gray, up 2.6%
Cumulus, up 2.1%
Radio One, up 1.7%
iHeart, down 3.5%
Saga, down 3.1%
Emmis, down 2.8%