Microsoft Corporation (NASDAQ:MSFT) shares are trading lower. The move appears to be in sympathy with overall tech sector weakness following a rise in US Treasury yields, which has pressured growth sectors.
The 10-year Treasury yield hit an intraday high of 1.686% Tuesday morning before dipping to around the 1.663% level. Overall market volatility is persistent during Tuesday’s session as investors continue to weigh omicron concerns.
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Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite.
Microsoft has a 52-week high of $349.67 and a 52-week low of $211.94.
