© Reuters.
Tuesday’s trading session saw a break in Microsoft Corp (NASDAQ:).’s four-day winning streak, with the tech giant’s stock falling 0.43% to close at $328.39. This decline contrasted with the overall market performance, where the and the rose by 0.52% and 0.40% respectively.
Microsoft’s performance also lagged behind its tech peers. Apple Inc (NASDAQ:)., for instance, closed at $178.39, while Alphabet (NASDAQ:) Inc’s Class C and Class A shares ended the day at $139.20 and $138.06 respectively.
In terms of trading volume, Microsoft recorded 20.5 million shares changing hands on Tuesday, marking a decrease of 417,476 from its 50-day average volume. The closing price was notably below its 52-week high of $366.78, which was reached on July 18th.
The recent trading performance of Microsoft has thus been marked by a divergence from both the wider market trend and the trajectory of its fellow technology companies. This comes despite the broader positive sentiment in the equity markets as reflected in the gains made by major indices such as the S&P 500 and Dow Jones Industrial Average.
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