The Dow Jones Industrial Average reached a record high on Tuesday, while Spotify shares surged over 16%, marking the streaming service’s largest percentage increase on record. The Dow closed at 50,328 points, up 0.4%, bolstered by gains in Microsoft, Nvidia, and Cisco, according to reporting from ntv.de.
Spotify’s stock price rose to $483.46, an increase of $68.62, or 16.54%, as of 9:59:52 AM ET. This would be the highest closing price since February 2, 2026, when it closed at $508.58. The surge followed the release of the company’s fourth-quarter earnings, which exceeded analyst expectations and included positive margin forecasts.
The broader market presented a mixed picture. The S&P 500 declined slightly, falling 0.1%, while the Nasdaq Composite decreased by 0.3%. Market activity occurred against a backdrop of disappointing retail sales data, which weighed on investor sentiment.
Coca-Cola also reported earnings Tuesday, with results described as mixed. The company’s stock price fell 0.8% following the release.
Ford is scheduled to report its fourth-quarter earnings after market close Tuesday.
Spotify’s intraday high reached $488.00, representing a 17.64% increase and the largest intraday percentage gain since October 28, 2019, when the stock rose as much as 18.61%. Despite the recent gains, Spotify remains down 16.75% year-to-date and 37.69% from its all-time closing high of $775.90 on June 26, 2025. The stock is up 17.13% from its 52-week low of $412.75 on February 5, 2026.
