Microsoft Corp (NASDAQ:MSFT) shares are trading lower by 1.01% to $309.17 Thursday afternoon. The stock is falling as major indicies trade mixed during Thursday’s session. The move could be in possible reaction to Producer Price Index (PPI) data for final demand in April.
Additionally, our Benzinga team on Thursday covered the tech giant reportedly looks to freeze pay hikes for full-time salaried employees.
What’s Going On In The Broader Market?
The U.S. Bureau of Labor Statistics reported a rebound in the Producer Price Index (PPI) for final demand in April, with a month-over-month rise of 0.2%.
The increase comes after a revised drop of 0.4% in March and falls short of the expected 0.3% increase. The modest rise is largely attributable to an 0.3% increase in prices for final demand services, which accounted for 80% of the overall upswing…Read More
According to data from Benzinga Pro, MSFT has a 52-week high of $313.00 and a 52-week low of $213.43.
