Ticker: Eminem brings Taylor Swift’s historic reign at No. 1 to an end; Wall Street climbs
Eminem’s 12th studio album, “The Death of Slim Shady (Coup de Grâce),” has debuted at No. 1 on the Billboard 200, unseating Taylor Swift’s “The Tortured Poets Department” after 12 weeks.
In its first week, “The Tortured Poets Department” hit 891.34 million album streams stateside, according to Luminate, the biggest streaming week for an album in history.
Swift’s album debuted at No. 1 in April and held the top spot for three months. She is the only woman to have done so; Swift beat the previous record held by Whitney Houston’s 1987 album, “Whitney.” It spent its first 11 weeks at No. 1.
“The Tortured Poets Department” tied Morgan Wallen’s 2023 album “One Thing at a Time,” which also debuted at No. 1 and stayed there for 12 consecutive weeks. (It would later remerge at the top spot, spending 19 weeks total at No. 1.)
The only album to outperform them is Stevie Wonder’s 1976 masterpiece, “Songs in the Key of Life.” It spent 13 weeks at No. 1 after debuting in the top spot; 14 weeks there in total.
Wall Street climbs
U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April. The S&P 500 rose 1.1% Monday, breaking a three-day losing streak. It was the first gain for the index since setting an all-time high early last week.
The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite gained 1.6%. Big Tech stocks regained some of their sharp drops from last week. Treasury yields mostly rose in the bond market after President Joe Biden said he won’t run for re-election. The yield on the 10-year Treasury note rose to 4.26%.