The Billboard Global Music Index improved 1.8% this week — up 8.8% so far this year.
The Billboard Global Music Index rose 1.3% overall as the U.S. Bureau of Labor Statistics reported that non-farm payroll employment rose by 339,000 in May.
The Billboard Global Music Index fell 1.9% this week as 15 of its 21 stocks were in negative territory.
MSG Entertainment shares were up more than 19% this week, while CTS Eventim and Live Nation were also among the best-performing stocks.
The radio company's shares were boosted by an announcement of a $10 million share repurchase.
The company's Big Hit Music imprint scored a No. 1 entry on the Billboard Hot 100 with the BTS member's solo single "Like Crazy."
The 20-company Billboard Global Music Index rose 4.2%, with more than two-thirds of companies in positive territory.
Streaming company LiveOne was the Billboard Global Music Index's greatest gainer after rising 13.1%.
Spotify shares' 4.5% improvement this week was the best of the 20 stocks in the Billboard Global Music Index.
The company's modest gains outperformed competitors and major indexes.
