Live Music Stocks Lag Market Rally: Weekly Recap 4.7–11.25
This past week, U.S. equity markets rebounded sharply from recent volatility, driven by easing trade tensions and positive earnings reports. But, live music and entertainment stocks underperformed relative to the broader market.
The underperformance by live music stocks appears driven by concerns over how growing consumer concerns or even recession could slow ticket sales.
Live Music & Entertainment Stocks – Weekly Performance
| Ticker | Company Name | Closing Price (Apr 11) | Weekly Change |
|---|---|---|---|
| LYV | Live Nation Entertainment Inc. | $129.60 | +0.29% |
| MSGE | Madison Square Garden Entertainment | $30.30 | -0.07% |
| SPHR | Sphere Entertainment Co | $27.09 | -5.16% |
| VENU | Venu Holding Corp. | $8.29 | -4.35% |
Note: Weekly changes are calculated based on available data.
Broader Market Overview
In contrast to the live music sector, major U.S. stock indices posted significant gains for the week:
- S&P 500: +5.7%
- Dow Jones Industrial Average: +5.0%
- Nasdaq Composite: +7.3%
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