Stock market today: Shares rise after Spotify job cuts

Technology stocks rose on Monday as investors braced for a big batch of corporate earnings reports due this week.

About 20% of S&P 500 companies will report their quarterly results in the next five days, with the tech giant Microsoft (MSFT (opens in new tab)+1.0%) and a manufacturer of electric vehicles Tesla (TSLA (opens in new tab)+7.7%) among the notable names this week earnings calendar. But the focus was on the big announcement of the cancellation of the audio streaming service Spotify (PLACE (opens in new tab)+2.1%).

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