Stock Market Today: Stocks Stumble to Start But End With a Win
Stocks endured another roller-coaster session on Thursday as investors weighed a weak forecast from one tech giant, the latest comments on the Federal Reserve''s rate-hike timeline and mixed jobs data. Microsoft ( MSFT , 0.8%) was the main catalyst for the broader market''s slow start this morning. The Redmond, Washington-based software developer lowered its current-quarter sales and earnings guidance citing the impact from a stronger U.S. dollar, which is currently trading near a 20-year high relative to its global counterparts. SEE MORE The 30 Best Stocks of the Past 30 Years MSFT now expects fiscal fourth-quarter revenue to arrive between $51.94 billion and $52.74 billion, down from its prior outlook for sales of $52.40 billion to $53.20 billion
Stock Market Today: Stocks Stumble to Start But End With a Win
Stocks endured another roller-coaster session on Thursday as investors weighed a weak forecast from one tech giant, the latest comments on the Federal Reserve''s rate-hike timeline and mixed jobs data. Microsoft ( MSFT , 0.8%) was the main catalyst for the broader market''s slow start this morning. The Redmond, Washington-based software developer lowered its current-quarter sales and earnings guidance citing the impact from a stronger U.S. dollar, which is currently trading near a 20-year high relative to its global counterparts. SEE MORE The 30 Best Stocks of the Past 30 Years MSFT now expects fiscal fourth-quarter revenue to arrive between $51.94 billion and $52.74 billion, down from its prior outlook for sales of $52.40 billion to $53.20 billion