Music Stocks Down as Markets Show Optimism for U.S. Debt-Ceiling Deal

Stock markets ended the week on a positive note as investors showed optimism believing that Congress can negotiate a deal to increase the nation’s debt limit and avoid a historic default. The S&P 500 increased 1.3% to $4,205.45, up 0.3% on the week, while the Nasdaq composite climbed 2.2% on Friday to finish the week up 2.5% — its fifth straight week of gains. South Korea’s KOSPI index improved 0.8% to 2,558.81 while the U.K.’s FTSE 1000 dropped 1.7% to 7,627.20.

The index’s top performer was Round Hill Music Royalty Fund Ltd., which gained 3.3% to 0.775 pounds . Madison Square Garden Entertainment and Sphere Entertainment Co. gained 2.2% and 1.7%, respectively. The two companies were under the same roof until Madison Square Garden Entertainment’s concert promotion business was spun off from the remainder of the company on April 21. Sphere Entertainment Co.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

CRACKING DOWN: Bissonnet Street 'closed for business' as authorities crack down on prostitution, sex traffickingThe Houston Police Department is sending a warning to those who go around Bissonnet Street.
Источник: FOX26Houston - 🏆 448. / 53 Прочитайте больше »

Stock market today: World markets higher as US government debt talks said to make headwayWorld markets were mostly higher Friday, lifted by optimism that Congress and the president will strike a deal to unlock a vote for lifting the U.S. government’s debt ceiling and avert a potentially calamitous default.
Источник: wjxt4 - 🏆 246. / 63 Прочитайте больше »