Microsoft stock slips in late-morning trade as year-end tech selling weighs on megacaps
Microsoft shares fell 0.5% to $484.89 in late morning trading Wednesday as investors trimmed tech holdings ahead of year-end. Holiday-thin volumes amplified moves in major tech stocks, with Broadcom down 0.7% and Nvidia up 0.7%. Wall Street’s focus remains on the Fed’s Jan. 27-28 meeting and Microsoft’s upcoming earnings, which have not yet been scheduled.