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Jan. 24, 2022, 12:28 p.m. EST

Microsoft stock dives to lead the Dow's decliners, as it closes in on bear-market territory

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By Tomi Kilgore

Shares of Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.82% dove 5.8% in midday trading Monday, to put them on track for a six-month low, and enough to pace the 29-of-30 Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.50% components that are losing ground. The stock's $17.27 price decline, which is the stock's second-biggest-ever price decline behind the $23.41 record selloff on March 16, 2020, was slashing about 114 points off the Dow's price, while the Dow dropped 1,002 points, or 2.9%. Microsoft's stock is now trading 18.8% below its Nov. 19 record close of $343.11. Many on Wall Street define a bear market as a decline of 20% or more from a bull-market high. By that definition, a close below $274.49 would put the stock in a bear market. Microsoft's selloff comes just before the software giant is scheduled to report fiscal second-quarter results after Tuesday's closing bell. Microsoft hasn't missed quarterly earnings expectations in years.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 263.26
+2.14 +0.82%
Volume: 21.90M
May 16, 2022 3:16p
P/E Ratio
27.56
Dividend Yield
0.94%
Market Cap
$1952.93 billion
Rev. per Employee
$1.06M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,356.48
+159.82 +0.50%
Volume: 228.98M
May 16, 2022 3:16p
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