A Stagnant Rebound: Apple, Warner, Sirius Gain

The ups and downs of the market turned up on Tuesday, though the broader market appears hopelessly stagnant.

Instead of a perilous decline, the Dow gained 58.7 points, or 0.72 percent, to 8,174.73, another mild improvement.  But the downcast mood on jobs, housing, and the broader economy remained, a soot that is weighing on every stock.

Those factors are often steering the direction of music stocks, oftentimes more than company fundamentals.  Most stocks gained on Tuesday, including Apple (AAPL), up 1.22 percent to $90.22, and Warner Music Group (WMG), up 6 percent to a surviving $2.12.  Other gainers included Live Nation (LYV), up 6.29 percent to $6.08, and Ticketmaster (TKTM), up 3.26 percent to $6.66.

RealNetworks (RNWK) tacked 1.36 percent to $2.98, while The Orchard (ORCD) shed 2.6 percent to $1.50.  Among the penny stocks, Sirius XM Radio (SIRI) gained 3.64 percent to 11.09-cents, while Alliance Entertainment owner Source Interlink Companies (SORC) shed 6.17 percent to 12.01-cents.

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