Microsoft Corp. stock outperforms market despite losses on the day
Microsoft Corp. shares slipped 0.20% as the stock market experienced a rough trading session, with the S&P 500 and Dow Jones Industrial Average also falling.
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Posted 9/6/2023, 8:33:00 PM
marketwatch.com
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Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
Shares of Netflix Inc. rose 0.49% as the stock market had a positive trading session, although it underperformed compared to some of its competitors.
Shares of Kroger Co. slid 0.30% as the stock market experienced an overall positive trading session, with the S&P 500 and Dow Jones Industrial Average both rising.
Shares of Clorox Co. rose 0.98% as the stock market had a favorable trading session, with the S&P 500 and Dow Jones Industrial Average also experiencing gains.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
The S&P 500 Index slipped 0.15% after a four-day winning streak, likely indicating a small further decline in prices over the next few sessions.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Stocks fell in morning trading on Wall Street, with the S&P 500 down 0.7%, as big technology stocks and healthcare stocks experienced losses, while several companies made significant moves after reporting earnings and other updates.
Tesla's stock slid 1.78% as the overall stock market experienced a rough trading session.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
World shares slipped as China reported a fourth straight month of falling exports, adding to concerns about its slowing economy and raising questions about how long consumer spending can support stocks.
AMC Entertainment Holdings Inc.'s shares fell 4.2% in premarket trading after filing a prospectus for the sale of up to 40 million shares, resulting in a record-low close.
Stock futures slipped on Friday as officials hinted the Federal Reserve may keep interest rates unchanged, causing tech stocks, particularly Apple, to fall, although the company's shares stabilized after dragging down the Nasdaq.
Oracle shares dipped 13.5% after disappointing earnings and revenue guidance, while WestRock rose 2.8% following news of a merger with Smurfit Kappa, and Apple shares fell 1.8% ahead of the launch event for its new iPhone.
U.S. stocks fell on Tuesday, with tech stocks dragging down indexes after Apple unveiled its latest iPhone and the Justice Department's antitrust case against Google went to trial in Washington. The Nasdaq sank 1%, while the S&P 500 fell 0.6% and the Dow Jones Industrial Average closed 0.1% lower.
Bank of America's stock fell 0.31% as the overall stock market had a mixed trading session, with the S&P 500 rising and the Dow Jones falling, ending a three-day winning streak.
Netflix shares slipped 2% after Chief Financial Officer Spencer Neumann stated that the ongoing Hollywood writers' strike is negatively impacting their business, with Neumann also expressing that the ad-supported streaming option will not boost revenue in the short term and predicting slower growth in operating margins moving forward.
Shares of Charles Schwab Corp. slipped 2.58% on a dismal trading session, underperforming some of its competitors.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Shares of Bajaj Finance Ltd. inched up 0.70% as the stock market experienced a rough trading session, with the S&P BSE Sensex Index falling 0.36%.
Rolls-Royce Holdings' shares slipped by 1.02%, closing below its 52-week high.
Microsoft's shares have outperformed Apple's as investors see better growth prospects and less China risk, making some analysts believe that Microsoft may overtake Apple as the world's highest-valued company.
Shares of Open Text Corp. fell 0.80% as the Canadian market declined, with the S&P/TSX Composite Index falling 0.02% and the company closing C$8.27 short of its 52-week high.