Why Microsoft Stock Is Falling Hard Today
Shares of the tech-giant Microsoft (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.Continue reading
Shares of the tech-giant Microsoft (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.
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