BigChampagne's Ultimate Chart (a/o February 3rd):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Turn Me On,” David Guetta
3. “Set Fire to the Rain,” Adele
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
7. “We Found Love,” Rihanna
8. “Sexy and I Know It,” LMFAO
9. “Domino ,” Jessie J
10. “International Love ,” Pitbull
What happened last week on Wall Street? As far as music-related shares go, the action was fairly mild.
As usual, the portfolio was influenced by broader market movements. The Dow (DJIA) edged upward, improving less than a half-percent to 10,318.16 by the Friday bell. The Nasdaq (NASD) shed approximately one-percent to 2,146.04.
On the music side, Apple (AAPL) lost 2.2 percent on the week to $199.92, Warner Music Group (WMG) shed a few pennies to $6.80, and the Orchard (ORCD) gained 8 pennies, or 5.1 percent to $1.65. Live Nation (LYV) slipped 4.4 percent to $7.37, and Ticketmaster ceded 3.2 percent to $10.66.
A bigger mover was Hot Topic (HOTT), which dropped 10.1 percent to $5.90 on a disappointing earnings report.
And the week ahead? The action will be shortened by Thanksgiving, and that means a narrower time window for the delivery of various economic reports. The data will probably continue to show a weak-yet-recovering economy, though Black Friday receipts will offer a critical forecast into consumer spending levels.
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