Microsoft stock slips in premarket as oil nears $120 and rate nerves bite again
Microsoft shares fell 0.4% to $408.96 in premarket trading Monday as U.S. stock index futures dropped over 1% and Brent crude surged to $119.50 a barrel. Amazon, Apple, and Alphabet also traded lower. The moves follow renewed inflation concerns tied to the Middle East conflict ahead of Wednesday’s U.S. CPI report and the Federal Reserve meeting March 17-18.