Music Stocks Fall in Chaotic Week for Markets

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Spotify shares’ 4.5% improvement this week was the best of the 20 stocks in the Billboard Global Music Index.

A view of the Wall Street street sign with the New York Stock Exchange on May 25, 2020 in New York City.’s Global Music Index were in positive territory this week: Spotify climbed 4.5% to $127.09, Tencent Music Entertainment rose 4.4% to $7.85, Warner Music Group increased 1.5% to $30.21 and Reservoir Media improved 0.2% to $6.15.Stock markets were rattled again this week by problems in the banking sector.

The Global Music Index declined just 0.4% to 1,188.02 despite most stocks falling into negative territory. Spotify and Warner Music Group are two of the most valuable companies in the index. Other large companies had only small declines: Universal Music Group dropped 1.7% to 21.38 euros, SiriusXM fell 0.8% to $3.64 and Live Nation declined 0.4% to $66.36.

The biggest loser of the week was K-pop company SM Entertainment, which fell 23.5% to 113,000 won after

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