The streaming service's share climbed 11.4 percent and the company's market value has thus passed the milestone of 1,000 billion kronor, writes Dagens industri.
The surge came after Spotify presented a quarterly report on Tuesday evening that clearly exceeded analysts' expectations.
Otherwise, Wall Street was focused on inflation on Wednesday. According to new statistics, inflation in the US rose to 2.6 percent in October on an annual basis. But it was exactly the price increase that economists had forecast – and the market breathed a sigh of relief.
This means that investors see an 80 percent chance that the central bank, the Federal Reserve (Fed), will lower its key interest rate at its next decision on December 18.
After backing down on Tuesday, the indexes climbed on the major indexes in New York – but just before closing, they fell back again.
The broad S&P 500 index closed at zero, the technology-heavy Nasdaq composite index fell 0.3 percent, and the Dow Jones industrial index rose 0.1 percent.
The development comes after the prices on Wall Street fell on Tuesday, following a surge last week due to Donald Trump winning the presidential election.
