Spotify (SPOT) Stock Sinks As Market Gains: Here's Why
SPOTSpotify(SPOT) ZACKS·2024-06-06 06:46

In the latest trading session, Spotify (SPOT) closed at $324.75, marking a -0.59% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.19% for the day. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.96%. The music-streaming service operator's shares have seen an increase of 9.61% over the last month, surpassing the Business Services sector's gain of 0.48% and the S&P 500's gain of 3.35%. Market participants will be closely following the ...