US EditionGLOBAL MARKETS-Stocks Slip as Microsoft Drags, Oil Jumps on Iran Attack Worry
Microsoft's 12% stock drop reflects investor concerns over heavy AI spending and uncertain returns amid a broader tech sector selloff, with Nasdaq down 1%, Bloomberg reported.
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GLOBAL MARKETS-Stocks slip as Microsoft drags, oil jumps on Iran attack worry
GLOBAL MARKETS-Stocks slip as Microsoft drags, oil jumps on Iran attack worry Global shares dipped on Thursday and were poised to snap a six-session streak of gains, weighed down by a plunge in Microsoft after its quarterly results, while oil prices jumped on U.S.-Iran tensions. On Wall Street, the S&P 500 and Nasdaq fell, dragged lower by a drop of 10% in Microsoft shares, its biggest daily percentage drop since March 2020, as investors were …
Stocks Fall as Microsoft Revives AI Spending Angst: Markets Wrap
(Bloomberg) -- The stock market was rattled by a slide in most megacaps, which showed no signs of easing up on artificial-intelligence spending even as doubts persist about demand to justify all that capital. Big moves in commodities saw gold plunging as oil soared. Bitcoin dipped below $84,000.
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