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Stocks Tumble After Microsoft Reports Lackluster Earnings

Investors sold off stocks Wednesday morning after Microsoft issued a lackluster earnings report and disappointing revenue forecast for the current quarter. After announcing plans to lay off 10,000 employees, Microsoft reported that its total revenue increased by 2% year over year in the quarter ending December 31, the slowest rate since 2016. Meanwhile, net income [...] The post Stocks Tumble After Microsoft Reports Lackluster Earnings appeared first on ETF Trends .
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