Stock Market Today: Stocks Stumble to Start But End With a Win
by Karee Venema
Jun 02, 2022
2 minutes
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.
MSFT now expects fiscal fourth-quarter revenue
You’re reading a preview, subscribe to read more.
Start your free 30 days