Spotify's stock initially fell 3 percent on Wall Street but recovered later and after a few hours of trading, the stock was slightly down.
Over the weekend, the streaming service announced that it had entered into a new multi-year distribution agreement with music giant Universal Music Group.
The agreement regulates, among other things, terms and compensation levels for music and rights. Compensation levels and other details have not been disclosed by the contracting parties.
Among Universal Music's artists are world stars such as Taylor Swift and U2.
Universal Music's stock has risen 7.4 percent on Monday.
Spotify, which has risen 10 percent since the turn of the year, has announced that the company will present its financial report for last year on Tuesday next week.
Otherwise, trading on Wall Street is strongly characterized by concern within the technology sector.
