Why Microsoft Stock Slipped Today
Investors were generally gloomy about tech stocks.
Overview
A continuing rout of certain segments of the tech sector put some hurt on Microsoft (NASDAQ: MSFT) stock on Thursday. Investors also digested a media report about a long-standing unit of the company reducing its workforce. By the end of the trading day, its equity had shed nearly 2% of its value.
Much of the downbeat sentiment in the sector stemmed from Oracle's latest earnings report, released after the market close on Wednesday. At first glance, it was encouraging, with double-digit sales growth and top- and bottom-line beats.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.