The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
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.
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.
