US STOCKS-Microsoft drives S&P 500 near record high

Gains in Microsoft shares pushed the benchmark S&P 500 within striking distance of its record high, a day after the Federal Reserve cut interest rates as expected but played down hopes of further monetary easing. The software giant’s plans to buy back $40 billion in shares also boosted the Dow and the Nasdaq, while driving a 0.7% gain in the wider technology sector.

source https://finance.yahoo.com/news/us-stocks-microsoft-drives-p-143026918.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.