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Microsoft was the heaviest weight on the market by far, and it sank 12% even though the tech giant reported stronger profit and revenue for the latest quarter than analysts expected. The s&p 500 edged back from 7,000 as ai spending fears were rekindled.

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Founded in 1975, the company became influential in the rise of personal. Microsoft corporation is an american multinational technology conglomerate headquartered in redmond, washington.

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Get access to free online versions of outlook, word, excel, and powerpoint. Shares of microsoft plunged 12% and software stocks hit a bear market.

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