Stock Market Update
06-Jul-26 11:00 ET
Microsoft trails other mega-caps
Dow -36.41
at 52863.66,
Nasdaq +302.90
at 26156.57,
S&P +47.80
at 7531.04
[BRIEFING.COM] The major averages remain little changed from previous levels.
While the information technology sector (+1.9%) is a standout today, Microsoft (MSFT 385.49, -5.00, -1.28%) is a mega-cap laggard after Business Insider reported the company is laying off 4,800 employees across its Xbox and sales units. The stock is the only "Magnificent Seven" name that trades lower for the day, with the Vanguard Mega Cap Growth ETF up 1.3% as a result.
