The world's largest software maker — Microsoft MSFT — downgraded its near-term outlook, citing the impact of the strongest U.S. dollar in more than two decades. This has dampened investors’ mood making them cautious about the stock and the ETFs having double-digit exposur
Software company GitLab (NASDAQ: GTLB) went public on Oct. 14 and was embraced by a market of optimistic investors that traded the stock up more than 30% on its opening day, closing at more than $100 per share.
Microsoft (NASDAQ: MSFT) just joined a growing list of companies revising their growth estimates down for 2022 thanks to a strong U.S. dollar. Just a few days prior, cloud software pioneer Salesforce (NYSE: CRM) issued a similar warning, even as it reports resilient demand for it
Cloud computing is rapidly gaining traction across the globe and is a bright highlight of modern technology. It’s allowed businesses and consumers to achieve digital feats that previously felt impossible.
Markets began this Thursday in the doldrums, following a weaker private sector jobs print from ADP ADP and even worse Q1 Productivity and Unit Labor Cost revisions — to say nothing of lowered guidance for Microsoft MSFT in its upcoming fiscal Q4. But a few measures of hop
Microsoft Corp will not resist unionization efforts from its employees, its President Brad Smith said on Thursday, in a sign of growing receptiveness in the tech sector that has been for long unconcerned about organized labor.
Stocks endured another roller-coaster session on Thursday as investors weighed a weak forecast from one tech giant, the latest comments on the Federal Reserve's rate-hike timeline and mixed jobs data.
Stocks were able to brush off interest rate hike concerns and a grim guidance warning from Microsoft (MSFT) on Thursday. The Dow ultimately added 435 points, despite being down over 300 points at its sessions lows. Both the S&P 500 and Nasdaq joined the
Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday.
Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday.
Technology stocks maintained strong gains in late Thursday trading, with the SPDR Technology Select Sector ETF (XLK) climbing almost 2% and the Philadelphia Semiconductor Index rising 2.9%.
5 SaaS Stocks To Watch In The Stock Market NowAs the stock market continues to experience turbulence going into June, Software-as-a-Service (SaaS) stocks continue to be in focus. For the most part, the current momentum in the industry would be thanks to the immense reliance on Sa
U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners.
Technology stocks were posting strong gains in midday trading Thursday, with the SPDR Technology Select Sector ETF (XLK) climbing 1.4% and the Philadelphia Semiconductor Index rising 2.4%.
U.S. stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft's forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.
Microsoft (NASDAQ: MSFT) shares fell on Thursday after the software giant updated its financial guidance for its fiscal fourth quarter ending June 30. The tech pioneer disclosed that it would have to reduce its expectations for the quarter, and the cause was one that could become
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