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Microsoft Stock Declines Amid Bearish Jobs Data and Semiconductor Tariffs
Microsoft Stock Declines Amid Bearish Jobs Data and Semiconductor Tariffs
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BTCCSquare news:
Microsoft shares fell 2.8% in Friday trading, underperforming broader indices as the S&P 500 and Nasdaq dipped 0.5% and 0.2% respectively. The selloff follows a disappointing August jobs report showing just 22,000 non-farm jobs added versus 75,000 expected, with downward revisions to prior months' data.
While weak employment figures increase likelihood of Federal Reserve rate cuts, growing economic concerns triggered risk-off moves across tech stocks. Additional pressure came from new TRUMP administration tariffs targeting foreign-made semiconductors - a sector critical to Microsoft's cloud infrastructure and hardware partners.
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