Wall Street Sinks As Treasury Yields Climb


Tech stocks paced a wave of declines on Wall Street Wednesday, as the Chair of the Federal Reserve declined to say whether or not the Central Bank will work to put a kibosh on inflationary pressure.

Media stocks were caught up in the dips.

Among the bigger decliners is Salem Media Group, down 34 cents to $2.47 after the company posted lower Q4 2020 adjusted EBITDA.

Also off sharply: Beasley Broadcast Group and iHeartMedia.