What’s Going On With Microsoft Stock?

Microsoft CorporationMSFT shares are trading lower by 3.69% to $256.80 Tuesday morning in sympathy with the broader market after August CPI readings showed inflation came in greater than expected. This has caused economic concerns and has raised expectations for more aggressive Fed policy.

What Happened?

According to data from theU.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August,down from8.5% in July. The August CPI reading came in aboveaverage economist estimatesof 8%.

Core inflation, which excludes volatile food and energy prices, was up 6.3% in August, aboveaverage economist estimates fora 6.1% gain…Read More

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According to data fromBenzinga Pro,Microsoft has a 52-week high of $349.67and a 52-week low of $241.51.