News that there are no Fed rate hikes in the immediate future and only modest ones in the foreseeable future was a positive on Wall Street. Both radio and television stocks followed by RBR+TVBR improved as a group.
The RBR Radio Index rose 9.093, or 1.2%, to 749.941.
The TVBR Television Index rose 3.317, or 0.3%, to 970.057.
Salem, up 5.8%
iHeart, up 4.7%
Gray, up 2.1%
Radio One, down 1.9%
Media General, down 0.9%
Saga, down 0.5%