Why Spotify (SPOT) Outpaced the Stock Market Today

Spotify (SPOT) ended the recent trading session at $476.91, demonstrating a +1.13% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.82% gain on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 1.77%. Heading into today, shares of the music-streaming service operator had gained 12.44% over the past month, outpacing the Business Services sector's gain of 2.43% and the S&P 500's gain of 0.8% in that time. Market participants will be closely fol ...