Shares of several companies in the broader technology sector, including Microsoft Corporation MSFT, are trading lower amid a rise in bond yields, which has weighed on growth stock valuations.
The 10-year Treasury yield hit an intraday high of 1.712% early Wednesday afternoon before dipping to around the 1.702% level. Overall market volatility is persistent again during Wednesday's session as investors continue to weigh omicron concerns.
See Also: Why Joe Terranova Bought Nucor Stock Today
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite.
Microsoft has a 52-week high of $349.67 and a 52-week low of $211.94.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.