Why Microsoft Stock Slumped by 5% on Thursday

No matter the how strong their business, software stocks as a group are taking a real clobbering these days. On Thursday this rout continued, and it claimed some of the biggest names in the segment. One was Microsoft (NASDAQ: MSFT), which saw its shares decline by nearly 5% that trading session. The negative sentiment on software titles was exacerbated by an analyst's downgrade. A more bearish view Well before market open that morning, Stifel's Brad Reback changed his recommendation on Microsoft stock. ...