Why Microsoft Stock Is Falling Today
Shares of Microsoft (NASDAQ: MSFT) were sliding today, despite an analyst raising his price target for the tech stock and news that the company may be poised to launch a new mobile gaming service. Investors may have ignored those two bits of news and instead exited the stock as part of a larger pullback on tech stocks today on news that Amazon is cutting more jobs. Microsoft's shares were down by 3.3% at 12:14 p.m. ET.