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Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.
Goldman Sachs analyst expects positive market reaction to Spotify's Q1 2024 earnings, with improved margins and operating momentum. Stock up 16.1%.
US stocks rose for a second straight session in New York Tuesday, building on the prior day's momentum following a round of mostly good corporate earnings, while European markets also
(Bloomberg) — A rally in tech heavyweights lifted the broader stock market, with the group’s high-stakes earnings seen by Wall Street investors as a major test of the bull run in equities. In late hours, Tesla Inc. soared as the electric-vehicle giant said it will accelerate the launch of more-affordable models — and chief Elon…
After a year with of layoffs and activist attention that triggered many changes, Spotify Technology S.A. (NYSE: SPOT) managed to surpass both top and bottom estimates. Moreover, the streaming giant reported record first quarter earnings as the result of efficient cost-cutting initiatives that also brought significant margin improvements. First Quarter Financials Shows That A Shift In Focus Paid Off For the quarter ended in March, Spotify reported revenue rise 20% YoY to 3.64 billion euros, surpa