US Stock Market Mixed As Microsoft Shares Plunge

US Stock Market Mixed As Microsoft Shares Plunge

U.S. stock markets showed mixed results on Thursday. At the close in New York, the Dow Jones Industrial Average sat at 49,072, up 0.1 % from the previous day. Just a few minutes earlier, the broader S&P 500 traded around 6,965, down 0.1 %, while the Nasdaq 100 was near 25,884, falling 0.5 %.

Microsoft’s shares fell roughly 10 % after a newly released quarter failed to satisfy investors. Although revenue and earnings beat expectations, growth in the company’s key cloud division, Azure, slowed sharply and remained well below forecasts.

The euro slipped slightly in the evening, trading at 1.1966 U.S. dollars per euro, which translated to 0.8357 euros for one dollar.

Gold weakened, with the price dropping to $5,384 per troy ounce – a decline of 0.6 % – or 144.65 euros per gram.

Oil rose sharply: Brent crude traded at about $70.65 per barrel around 10 p.m. German time, up 3.3 % from the previous day’s close.