Taylor Swift kept “Timeless” in the vault for 13 years, then brought it to the stage just a week after its release on Speak Now (Taylor’s Version).

The track about an ageless romance — a never-before-heard gem until the star dropped her re-recorded Speak Now on July 7 — is new to fans, but easily finds a place as one of the most classic love songs in Swift’s canon. She surprised the crowd with the first-ever live performance of the ballad at Denver’s Empower Field at Mile High on Friday night (July 14).

Sitting at the piano during the acoustic section of her Eras Tour show, during which she switches things up with two surprise songs that aren’t on the regular set list, Swift kept the audience on its toes until she sang the opening line of “Timeless”: “Down the block, there’s an antique shop/ And something in my head said, ‘Stop,’ so I walked in.”

Although “Timeless” has only been on fans’ playlists for about a week, the Denver crowd sang along while Swifties at home lamented not being in attendance for its live debut; they also showered praise for the song on social media. “idk i just think that if you dont like timeless or you dont get it, it’s probably because you didn’t fall in love with the classic storytelling country taylor,” one fan tweeted Friday night. “like look me in eye and tell me it wouldn’t be a smash on country radio in 2010.”

Before “Timeless,” Swift played her self-titled album’s “Picture to Burn” live, for the first time in more than a decade. (“In the spirit of nostalgia we should be exploring all the eras, including my first album that I wrote when I was like 14,” she announced.)

Speak Now (Taylor’s Version), which features re-recorded versions of the original album’s tracks plus six songs “From the Vault,” has already had the largest week of 2023 for any album in its first six days of release, according to initial reports to Luminate. The album’s first-week numbers are expected to be announced on Sunday (July 16) along with its debut position on the multimetric Billboard 200 albums chart (dated July 22).

Watch a fan-filmed clip of Swift’s “Timeless” performance below. Check out the full list of surprise songs she’s brought to The Eras Tour here.

Shares of SM Entertainment gained 11.8% to KRW 117,900 ($92.88) this week, making the K-pop company the greatest gainer on the Billboard Global Music Index. The home of groups such as NCT 127 and Red Velvet, SM got good news this week after boy band EXO’s latest release, EXIST — The 7th Album, sold over 1 million copies in South Korea on its first day of release. In the United States, the group currently has four of the top five songs on Billboard’s Hot Trending Songs chart. Year to date, SM Entertainment shares are up 37.5%.

Led by SM Entertainment’s double-digit gain, 13 of the Billboard Global Music Index’s 21 stocks finished in positive territory this week. The index rose 1.7% to 1,355.35, its third-straight weekly increase and the sixth in the last seven weeks. Music stocks lagged behind many major indexes, however. In the United States, the S&P 500 and the Nasdaq composite gained 2.4% and 3.3%, respectively. The United Kingdom’s FTSE 100 improved 2.4%. And South Korea’s KOSPI composite index rose 4%.

Spotify continues its hot streak by gaining 9.6% to $172.03, bringing the stock’s year-to-date improvement to 117.9%. The streaming giant got a boost this week after analysts at Morgan Stanley and Wells Fargo increased their price targets to $185 and $250, respectively. Wells Fargo analysts are enthusiastic about Spotify’s prospects to improve its margins following the company’s layoffs and reduction of podcast content costs. Long-awaited price increases in the United States could improve Spotify’s gross margin by three percentage points and add nearly $727 million of revenue in 2024, according to the analysts.

Another K-pop company experienced the index’s largest decline this week: Shares of HYBE, home to BTS and Tomorrow X Together, fell 10.3% to KRW 256,500 ($202.08). The company was in the South Korean media this week following complaints of sexual harassment by security guards at an &TEAM singing event in Seoul. In a statement, HYBE apologized to the fans and explained that attendees at such events are searched to prevent recordings from leaking to the public.

Hipgnosis Songs Fund Ltd.’s decline of 3.9% to 0.74 pounds per share was the index’s biggest decline of the week after HYBE. On Thursday (July 13), Hipgnosis reported a $12.9 million improvement in pro-forma annual revenue million in calendar year 2022, although both gross and net revenue declined due mainly to two large, non-recurring adjustments. Still, investors remain wary of the stock, which has declined 14.3% year to date. As Billboard reported this week, Hipgnosis is shopping some assets that could help bolster its share price if sold. Shareholders will get a chance to weigh in on the fund’s future at the annual meeting in September by voting to change fund managers, liquidate the fund or stay on course.