In the initial trade, the broad S&P 500 index rises by around 0.8 percent and the technology-heavy Nasdaq's composite index increases by about 1 percent, while the Dow Jones industrial index is up 0.7 percent.
Index-heavy Tesla rises 1.6 percent since the electric car manufacturer's board approved that CEO Elon Musk be awarded 96 million shares, worth approximately 300 billion kronor. The compensation assumes that Elon Musk remains as CEO until August 3, 2027.
Musk has previously threatened to leave the company – and in a statement, Tesla's board writes that it is "more important than ever before to retain Elon Musk".
Streaming giant Spotify also rises by about 7 percent since the company on Monday announced that it will raise prices. According to Dagens industri, it is the first time since 2023 that Spotify raises prices in Sweden.
