A late-day surge boosted a handful of music-related stocks on Thursday, including Apple, Sirius XM Radio, and Ticketmaster.
And after hitting an all-time low of $2.74 on Wednesday, Warner Music Group jumped 37.23 percent to $3.76 by the bell.
Shares across other industries also felt a huge lift, thanks to a flurry of bargain-hunting and a flash of optimism. After briefly dipping below 8,000, the Dow Jones Industrial Average surged more than 900 points before landing at 8,835.25, a 6.67 percent boost. Overall, markets experienced a net gain of 552.59 points. Similarly, the tech-heavy Nasdaq jumped 97.49 points, or 6.5 percent, to land at 1,596.70.
All of that aided a beleaguered bunch of music stocks. Apple (AAPL) pushed solidly into the 90s, jumping 7.01 percent to $96.44. Ticketmaster (TKTM) jumped 11.72 percent to $6.29, The Orchard (ORCD) added 1.6 percent to $2.54; and Sirius XM Radio (SIRI) improved 8 percent to a bottom-dragging 27 cents. On the losing side, Live Nation (LYV) slipped 1.71 percent to $5.75, based on continued pessimism towards live concert attendance.