Microsoft Corp. (Ticker symbol: MSFT) experienced a decline of 0.24% as its shares dipped to $320.40 on Wednesday. This drop occurred during a challenging trading session for the overall stock market, with both the S&P 500 Index (Ticker symbol: SPX) and the Dow Jones Industrial Average (Ticker symbol: DJIA) also facing losses.
Second Consecutive Day of Decline
This marks the second consecutive day of losses for Microsoft Corp., indicating a potential shift in the company’s performance. Despite this setback, Microsoft Corp. managed to outperform some of its competitors on Wednesday.
Outperforming Competitors
While Microsoft Corp.’s shares were down, other tech giants also experienced declines. Apple Inc. (Ticker symbol: AAPL) saw a decrease of 0.50% with shares at $176.57, Alphabet Inc. Cl C (Ticker symbol: GOOG) decreased by 0.89% to $129.11, and Alphabet Inc. Cl A (Ticker symbol: GOOGL) endured an 0.83% decrease to $128.70.
Trading Volume
The trading volume for Microsoft Corp. on Wednesday stood at 19.5 million shares, which is notably lower than its 50-day average volume of 27.9 million shares.