Live Music Stocks Struggled Thursday Amid Market Turbulence
On Thursday, April 10, 2025, live music stocks faced significant challenges as global markets reacted to escalating trade tensions between the US, China and the world.
The entertainment sector, particularly live events, remains vulnerable amid these economic headwinds.
Live Music Stocks Performance
- Live Nation Entertainment Inc. (LYV): Closed at $129.23, down $2.50 (-1.98%) from the previous close.
- Madison Square Garden Entertainment Corp. (MSGE): Closed at $30.34, down $1.63 (-5.10%) from the previous close.
- Sphere Entertainment Co. (SPHR): Closed at $27.50, down $1.25 (-4.35%) from the previous close.
- VEU Holdings Inc. (VENU): Closed at $15.00, down $0.75 (-4.76%) from the previous close.
- Eventim AG & Co. KGaA (EVD.DE): Closed at €55.00, down €2.50 (-4.35%) from the previous close. on the Frankfurt exchange.
Market Overview
The declines in live music stocks mirror the broader market’s reaction to the intensifying trade war. On April 10, the U.S. imposed tariffs up to 145% on Chinese imports, prompting China to retaliate with tariffs reaching 125% on U.S. goods. These actions have heightened investor concerns about global economic stability.
The broader market experienced sharp declines, with the Dow Jones Industrial Average dropping 1,014.79 points (-2.50%) to 39,593.66, the S&P 500 falling 188.85 points (-3.46%) to 5,268.05, and the Nasdaq Composite decreasing 737.66 points (-4.31%) to 16,387.31.
