Read Time:38 Second
Microsoft Corp.’s stock took a 7.7% dive in morning trading Wednesday, toward the biggest one-day decline in 2 1/2 years, after the software behemoth provided a disappointing second-quarter revenue outlook. The stock was by far the biggest decliner in the Dow Jones Industrial Average , as the second-place loser was fellow software company Salesforce Inc.’s stock , which fell 1.6% in sympathy. The $19.37 price decline in Microsoft’s stock was shaving about 128 points off the Dow’s price, while the Dow fell 7 points, or less than 0.1%, despite 22 of 30 components gaining ground.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0