Why Microsoft Stock Was Climbing Today
Shares of Microsoft (NASDAQ: MSFT) were trading higher Tuesday in the wake of a cooler-than-expected November inflation report from the Bureau of Labor Statistics that lifted the market broadly, but which especially helped the tech sector.
As of 10:36 a.m. ET, the stock was up 3%, while the Nasdaq was up 2.1%.
The specter of the Federal Reserve has been hovering over the stock market all year as its rapid boosts to the federal funds rate have inspired investors to bail out of growth stocks and tech stocks and move their money to safer stock market sectors as well as bonds.
Source Fool.com
