Shares of several companies in the broader technology sector, including Microsoft Corporation (NASDAQ:MSFT), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations.
The 10-year Treasury yield hit an intraday high of 1.712% early Wednesday afternoon before dipping to around the 1.702% level. Overall market volatility is persistent again during Wednesday’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.
