Spotify Technology SA's stock price fell by 2.19% today. Spotify reported strong user growth in its most recent quarter, but the company still posted a loss. This is due to the heavy investment Spotify has made in building up its podcast business. Spotify reported 489 million monthly active users, up 20% from a year earlier. The company highlighted growth in India and Indonesia as a result of marketing campaigns, as well as strength from its eighth annual Wrapped campaign and the holiday season.‍

Spotify Technology (SPOT) was rising 5.8% after fourth-quarter revenue rose from a year earlier. The company reported 489 million monthly active users in the fourth quarter, up 20% from a year earlier, and 205 million premium subscribers. General Motors (GM) gained 4.2% after the auto maker topped fourth-quarter earnings forecasts and issued an upbeat outlook.

U.S. stocks traded lower on Monday, as investors grew cautious ahead of a busy week of central-bank meetings and corporate earnings.

Meta's stock rose 2.4% after Citi reaffirmed its "buy" rating on the social media company. While there's limited visibility on the macroeconomic front, Citi believes the market is stabilizing.

Advanced Micro Devices (AMD) was upgraded by Barclays to "overweight" from "equal weight," which said it sees potential upside from direct-current and generative artificial intelligence. The firm also upgraded Qualcomm and Seagate Technology to "overweight" from "equal weight."