Wall Street Starts Strong Ahead of Friday’s Jewish Holiday


The Rosh Hashanah holiday starts Friday night, and with the Jewish New Year comes traditional buying and selling activity leading into Yom Kippur, the day of atonement.

On Monday, Wall Street started the week strong, with the Dow Industrials rising by 327.69 points, to 27,993.33, and the Nasdaq index up 203.11 to 11,056.65.

How did media stocks fare?

Townsquare Media is improving, and closed at $4.90, up 10 cents.

Also notably on the rise is Salem Media Group, which now sits at $1.28 and had been flirting with a close below the $1 mark last week.

For iHeartMedia, a 19-cent gain to $9.20 was seen.

Also up 19 cents: Cumulus Media, now at $5.40.

The struggles continue, however, for Entercom, which was unchanged at $1.50 as massive programming changes saw the reduction of local hosts and a switch in branding to “ALT” at several of its stations. In Buffalo, in particular, multiple air shifts will now be helmed by hosts based at WNYL-FM 92.3 in New York. In Miami, only the afternoon slot is local for WSFS-FM “104.3 The Shark.”