Live Nation Entertainment Inc. stock rises Friday, outperforms market – MarketWatch
Shares of Live Nation Entertainment Inc. LYV, +3.57% rallied 3.57% to $105.27 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +2.43% rising 2.43% to 4,431.85 and the Dow Jones Industrial Average DJIA, +1.65% rising 1.65% to 34,725.47. The stock’s rise snapped a seven-day losing streak. Live Nation Entertainment Inc. closed $22.48 short of its 52-week high ($127.75), which the company reached on November 5th.
The stock outperformed some of its competitors Friday, as eBay Inc. EBAY, +1.48% rose 1.48% to $57.54 and World Wrestling Entertainment Inc. Cl A WWE, -0.27% fell 0.27% to $48.70. Trading volume (2.1 M) remained 274,165 below its 50-day average volume of 2.3 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Federal Reserve Chairman Jerome Powell is giving investors another six weeks to envision a future where interest rates start to climb and its balance sheet dramatically shrinks. Expect a lot of swings in markets until then.
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