Why Microsoft Shares Are Rising Today

Microsoft Corporation MSFT shares are trading higher by 2.72% at $259.44. Shares of several companies in the broader technology sector are trading higher amid overall market strength as stocks rebound following Friday's weakness. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Microsoft is otherwise lower by 7.58% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.

See Also: Why Inovio Pharmaceuticals Stock Is Rising Today

Microsoft develops and licenses consumer and enterprise software.

According to data from Benzinga Pro, Microsoft has a 52-week high of $349.67 and a 52-week low of $243.00.