BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Warner Music Group (WMG) sank to another all-time low on Wednesday, despite a broader gain on the Dow. At the bell, shares of WMG slumped 2.48 percent to $2.36, based on a potent mix of fundamental issues and broader market fear. That beats an earlier low of $2.40, established November 17th, though midday trading suggests potentially lower valuations ahead. Shortly after markets started trading, Warner slipped to just $2, an nadir unthinkable just months ago.
On a broader scale, Wall Street notched upward on Wednesday, though the Dow is still recovering from a near-700 point drop on Monday. A continued flurry of negative news continued to slap traders, though a flicker of optimism produced a modest gain. By the bell, the DJIA inched upward 2.05 percent, or 172.60 points, to land at 8,591.69.
Elsewhere, music stocks were mixed. Apple (AAPL) climbed 3.71 percent to $95.90; The Orchard (ORCD) gained 2.08 percent to $2.45; Ticketmaster Entertainment (TKTM) dropped a penny to $4.02; Live Nation (LYV) gained 9.71 percent to $4.18; and Sirius XM Radio (SIRI) shed 3.46 percent to a lowly 17 cents.
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