S&P 500 Gains and Losses Today: Live Nation Stock Falls Amid Potential Antitrust Lawsuit [Video]

Major U.S. equities indexes were mixed on Tuesday as Federal Reserve Chair Jerome Powell suggested that investors may have to wait longer for interest rates to move lower.

After fluctuating above and below the flatline for much of the session, the S&P 500 closed the day with a loss of 0.2%. The Nasdaq followed a similar trajectory, finishing Tuesday down 0.1%, while Dow remained in positive territory for the full day and closed 0.2% higher.

Live Nation Entertainment (LYV) shares plunged 7.6%, marking the weakest performance on the S&P 500, following reports the U.S. Department of Justice is preparing to file an antitrust lawsuit against the firm. The agency reportedly believes the Ticketmaster parent’s domination in ticketing live events has damaged competition in the market.

Shares of Albemarle (ALB), the world’s largest lithium miner, fell 5.3% amid news that rival Piedmont Lithium (PLL) has received a mining permit from regulators in North Carolina to develop a large lithium deposit …