Wal-Mart disappointed Wall Street – 5/17/11


When they promote price roll-backs Wal-Mart isn’t talking about its own stock, but that price fell Tuesday as the retail giant reported Q1 results that disappointed Wall Street – and dragged most other stocks down as well. The Dow Jones Industrial Average was off 69 points, or 0.6%, to 12,480. But while the DJIA and S&P 500 were down, the tech-heavy Nasdaq Composite managed a gain, so it was technically a mixed day. Broadcasting stocks were also mixed.

The RBR Radio Index was up 2.623, or 0.7%, to 383.268.

The TVBR Television Index was down 4.809, or 1.9%, to 252.682.

CC Media, up 7.8%
Entravision, up 4.4%
Belo, up 2.6%

ACME, down 14.4%
LIN, down 6.8%
Salem, down 5.2%