6 days ago • 1:20 min
Microsoft announced quarterly earnings after the US stock market’s close on Tuesday. And, as you can see in the chart, its stock initially rose before falling below where it ended the trading day. That suggests the shares may fall when the US stock market opens on Wednesday – and, given that it’s a major component of key stock market indexes, they’re likely to fall too.
Here’s why the tech giant’s stock rose, and then fell:
Microsoft’s key cloud computing business, Azure, saw a better-than-expected 38% increase in revenue (excluding the impact of currency swings), so investors took that as an encouraging sign and bought in, pushing the stock up 5%.
Then came the conference call, when
With the VIX so low, you might want to take a cautious approach.
This chart suggests we may be at a turning point.
With its exchange steadily bringing in money, GMX has been trying its best to break out.