27 Mins Ago
Live Nation Entertainment shares slump after hours
Live Nation Entertainment shares dropped more than 7% in extended trading after The Wall Street Journal, citing people familiar, reported that the U.S. Department of Justice is planning to sue the parent company of Ticketmaster in the coming weeks. The antitrust lawsuit alleges Live Nation has used its power and influence in concert promotion to undermine the competition, the report said.
Live Nation shares have gained more than 6% this year.
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Live Nation Entertainment
28 Mins Ago
VIX, Wall Street’s ‘fear index,’ closes at highest since bull market began in late October
The VIX index closed at its highest on Monday since Oct. 30, 2023, suggesting that Wall Street expects more price swings in the days and weeks ahead.
The Chicago Board Options Exchange Volatility Index, known as a yardstick of investor skittishness, ended Monday at 19.23 after rising as high as 19.46, the highest intraday since Oct. 31, 2023.
Sometimes called the “fear index,” the VIX has surged since closing at its low for the year thus far of 12.44 on Jan. 11. The VIX has touched successive higher highs for the past three trading sessions.
The last time the VIX was at levels higher than Monday was in late October, just as the current stock market rally was getting underway.
— Scott Schnipper
46 Mins Ago
Stock futures open little changed
U.S. stock futures opened little changed Monday night.
Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures climbed 0.02% and 0.07%, respectively.
— Sarah Min
