Technology
Microsoft Corp. stock underperforms Friday when compared to competitors – MarketWatch
Shares of Microsoft Corp. MSFT, -4.18% shed 4.18% to $277.52 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -3.63% falling 3.63% to 4,131.93 and Dow Jones Industrial Average DJIA, -2.77% falling 2.77% to 32,977.21. The stock’s fall snapped a two-day winning streak. Microsoft Corp. closed $72.15 below its 52-week high ($349.67), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. AAPL, -3.66% fell 3.66% to $157.65, Alphabet Inc. Cl A GOOGL, -3.72% fell 3.72% to $2,282.19, and SAP SE ADR SAP, -1.86% fell 1.86% to $100.80. Trading volume (36.4 M) eclipsed its 50-day average volume of 32.5 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Our call of the day from TS Lombard chief economist Steven Blitz warns that the "golden era of Fed-controlled equity markets" is nearing an end.
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