Live Music Stocks tick up Tuesday [UPDATED]
Most major live music stocks were on the rise mid-day Tuesday as the overall U.S. markets ticked upward.
By Mid-day Tuesday
- Live Nation Entertainment Inc. (LYV): +1.25%
- Madison Square Garden Entertainment Corp. (MSGE): +1.65%
- Sphere Entertainment Co. (SPHR): +1.13%
- Venu Holding Corp. (VENU): – 2.03%
In per-market trading Tuesday
- Live Nation Entertainment Inc. (LYV): -0.93%
- Madison Square Garden Entertainment Corp. (MSGE): +2.33%
- Sphere Entertainment Co. (SPHR): -2.18%
- Venu Holding Corp. (VENU): -.97%
Live Music Stocks Monday
Monday, April 14, 2025 was also a mixed day for live music stocks despite overall U.S. markets having a notable rally driven by easing trade tensions and optimistic signals from the Federal Reserve.
Live music stocks mixed Monday was driven by fluctuating consumer confidence, potential changes in discretionary spending, and concern over the ongoing impact of global events on live entertainment.
Here’s how key live music companies performed:
- Live Nation Entertainment Inc. (LYV): Closed at $128.40, down $1.21 (-0.93%)
- Madison Square Garden Entertainment Corp. (MSGE): Closed at $30.94, up $0.63 (+2.08%)
- Sphere Entertainment Co. (SPHR): Closed at $26.50, down $0.61 (-2.25%)
- Venu Holding Corp. (VENU): Closed at $8.37, up $0.29 (+3.59%)
Monday Market Overview
The overall market showed strong gains:
- Dow Jones Industrial Average: Rose 312 points (+0.9%)
- S&P 500: Increased by 0.8%
- Nasdaq Composite: Gained 0.6%
These gains were fueled by President Trump’s temporary easing of tariffs on electronics, which alleviated some investor concerns over escalating trade tensions. Additionally, comments from Federal Reserve Governor Christopher Waller about potential interest rate cuts contributed to the positive sentiment. (AP)
