From their continued gains in the stock market to their $143 in revenue over the last fiscal year, Microsoft has had one lucky break after the other. What does this mean for their stock prospects? Our AI can answer that.
Microsoft Corp closed down 0.9% on Wednesday, ending the midweek at $220.86 on volume approaching 23 million trades. Overall, the stock is up almost 38.6% for the year, in spite (or rather, because of) the pandemic.
The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.5%.
Stocks jumped after a bigger-than-expected increase in jobs last month: The Labor Department reported that 4.8 million jobs were added in June—more than the 2.9 million expected.
The unemployment rate fell to 11.1%, down from 13.3% in May. The jobs data for June was collected
Despite beating analyst expectations, Facebook shares plummeted after it revealed a drastic rise in expenses in its fourth quarter earnings—as experts warn that mounting regulatory scrutiny and decelerating revenue growth could continue to negatively impact the stock.
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