Rough Week, Rough Month: All-Time Lows Abound

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The stock market is usually considered a leading indicator of coming economic winds.

But the mood on Wall Street remains pessimistic, and that is driving music stocks into the gutter.

On Friday, the Dow bounced upward 494.13 points, or 6.54 percent, to land at 8,046.42.  That was a welcomed upswing, though most expect continued volatility and downward pressure ahead.  On the week, the DJIA shed 5.28 percent, and more importantly, crashed through floors not seen since March, 2003.

Music-related stocks are mostly limping, and several experienced new lows.  Live Nation (LYV) continued to suffer on fears of softening attendance, slipping to an all-time bottom of $3.06.  Ticketmaster (TKTM) also ended on an all-time low of $4.30.  And Sirius XM Radio (SIRI) continued its spectacular crash, deteriorating to just 14 cents by the bell.

Warner Music Group (WMG) also scraped bottom, before recovering to $2.53 on Friday.   The Orchard stayed relatively stable at $2.21, and Apple finished at an unusually soft $82.58.