Microsoft continues to break stock price records as NASDAQ soars
Microsoft may not be in the phone business anymore, but that is not a problem for its investors. The Redmond, Washington-based company is continuing to break record stock prices on Wall Street in New York City right as the NASDAQ hit the 6,000 mark for the first time ever (via Barrons.)
While momentous, Microsoft and other tech stocks (which make up about half of the NASDAQ) are all up in general. Microsoft is seeing morning high shares of $68, which is above yesterday’s all-time high of $67.66. The company’s rival Apple, meanwhile, is seeing shares of $144.15, which is very close to their all-time high of $145.46.
Similarly, Alphabet (Google) is seeing a $884.35 high this morning, which surpasses yesterday’s within the day high of $879.96. Social media giant Facebook also reached a new morning high of $146.35, and Amazon reached to $909.84, justs short of their all-time high of $923.72.
Just four weeks ago, Microsoft stocks were stocks trading at all-time highs, so things can only be trending upward for the tech giant, especially with a big Microsoft Press event coming up on May 2nd. This latest stock booms, though, comes as US President Donald Trump promised “big tax reform” before he hit his 100-day mark in office, and as the first round results from the French presidential election become official.Further reading: Microsoft, Nasdaq, Stock