Shares of Microsoft Corp. (MSFT) showed resilience on Thursday, as they inched 0.37% higher to reach $331.32. This impressive performance came in the face of an overall downtrend in the stock market. The S&P 500 Index (SPX) fell by 0.85% to 4,278.00, while the Dow Jones Industrial Average (DJIA) experienced a 0.75% decline, settling at 33,414.17.
This upward movement in Microsoft's stock marked an end to a two-day losing streak. However, it is important to note that the company closed $35.46 short of its 52-week high of $366.78, which was reached on July 18th.
Despite the challenging market conditions, Microsoft Corp. outperformed some of its key competitors during the trading session. Apple Inc. (AAPL) saw a 0.22% decline, with shares valued at $175.46. Similarly, Alphabet Inc. Cl C (GOOG) and Alphabet Inc. Cl A (GOOGL) experienced slight drops of 0.22% and 0.15%, reaching $138.98 and $137.75 respectively.
The trading volume for Microsoft's stock was also noteworthy, with 24.9 million shares exchanged during the session. This exceeded the 50-day average volume of 20.8 million shares, indicating increased investor interest.
Our Latest News
Explore how the economy is entering a new era of growth, defying expectations and providing opportunities for investors.
The CEO of the London Stock Exchange emphasizes its strength and dismisses claims of decline amidst global challenges.
Silicon Motion terminates merger agreement with MaxLinear and plans to seek damages exceeding termination fee. Conflict arises over unmet closing conditions and...