Stock Market Today: Microsoft Delivers, Alphabet Disappoints in Flat Day for Stocks
The major indexes managed to mostly stop the bleeding after yesterday’s rout, but they didn’t gain much ground, either, amid mixed earnings reports from a range of blue-chip stocks.
Microsoft (MSFT, +4.8%) shares were jolted higher Wednesday following the software maker's stellar quarterly report last night. Microsoft grew sales by 18% in its fiscal Q3, beat top- and bottom-line expectations alike, and provided current-quarter outlooks for all three of its operating divisions that were better than Wall Street forecasts.
"With software investors keyed in on every word, MSFT (yet again) demonstrated the
