Why Microsoft Stock Is Falling Hard Today
Shares of the tech-giant (NASDAQ: MSFT) were plummeting today as the broader market responded negatively to an escalating trade war with China. Investors are still trying to decipher the impact of 10% tariffs on other countries -- along with 145% on China -- and if higher tariffs are still on the table after President Trump walked back some of the highest ones yesterday.
Additionally, Microsoft investors are likely processing news from yesterday that said the company may be cutting additional jobs next month, as well as its decision to scale back some data center investments. Microsoft's stock is down 3.2% as of 2:09 p.m. ET.
President Trump said today that tariffs against Chinese imports would increase to 145% in a move that shows China and the U.S. are currently locked into a trade war. Yesterday, Trump lowered tariffs on most countries to 10%, but investors fear that the chaotic approach to tariffs and their effects could slow down consumer and business spending.
Source Fool.com
Microsoft Corp. Stock
With 105 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 461 € shows a slightly positive potential of 5.61% compared to the current price of 436.5 € for Microsoft Corp..
