Shares of several companies in the broader technology space, including Microsoft Corporation MSFT are trading lower amid overall market weakness following worse-than-expected US inflation data, which has weighed on stocks across sectors.
The 10-year Treasury yield hit an intraday high of 1.592% before dipping to around the 1.551% level. This jump in Treasury yields has also weighed on growth and tech names for the session.
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite.
See Also: Why AMD Shares Are Falling
Microsoft has a 52-week high of $338.79 and a 52-week low of $208.16.
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