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Why Microsoft Stock Slipped Today

TheMotleyFool

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Why Microsoft Stock Slipped Today: https://g.foolcdn.com/editorial/images/874129/person-staring-at-downward-trending-graph-on-a-laptop.jpg

A continuing rout of certain segments of the tech sector put some hurt on Microsoft (NASDAQ: MSFT) stock on Thursday. Investors also digested a media report about a long-standing unit of the company reducing its workforce. By the end of the trading day, its equity had shed nearly 2% of its value.

Much of the downbeat sentiment in the sector stemmed from 's latest earnings report, released after the market close on Wednesday. At first glance, it was encouraging, with double-digit sales growth and top- and bottom-line beats.

Image source: Getty Images.

Source Fool.com