Stock Market Today: Stocks Climb After Spotify Job Cuts

Spotify became the latest company to announce layoffs, while Salesforce climbed on activist investor news.

stock market chart
(Image credit: Getty Images)

Tech stocks led the way higher Monday as investors prepared for a heavy batch of corporate earnings reports due out this week. 

Roughly 20% of S&P 500 companies will release their quarterly results over the next five days, with tech giant Microsoft (MSFT, +1.0%) and electric vehicle maker Tesla (TSLA, +7.7%) among the notable names on this week's earnings calendar. But, the focus was on a big layoff announcement from audio streaming service Spotify (SPOT, +2.1%). 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.