Microsoft suffers weak session with 0.59% loss; downside halted at $230.9

Published: January 26 2023, 05:11 GMT+0

Microsoft suffers weak session with 0.59% loss; downside halted at $230.9

Yesterday at a glance: the iconic OS developer dropped 0.59% early on and traded close to the $240.61 level.

United States Crude Oil Inventories published yesterday at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure.

Meanwhile, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Microsoft was not the only decliner in the technology sector; TSM closed at $92.41 (down 2.27%). Texas Instruments went down to $175.04, losing 1.13% after it closed at $177.04 yesterday.

On the other hand, positive performances could be seen by looking at other technology stocks as ASML Holding gained 1.72%, as it traded at $681.53.

Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of 0.1%. New data is set to be published today at 13:30 UTC.

In addition, United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC.

Furthermore, United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

Microsoft hit a significant low of $214.25 around 2 months ago, but has since recovered 12.97%.

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