What's Going On With Microsoft Shares

Microsoft Corp MSFT shares are trading lower by around 1% to $330.59 Wednesday afternoon amid overall market weakness. Downward pressure on the broader market this week is being exacerbated by elevated oil prices, reaching their highest point since November 2022 due to Saudi Arabia and Russia extending their voluntary supply reductions. Rising Treasury yields are also responsible for the downward pressure on risk assets.

Microsoft offers a wide range of products and services, including Windows, Office, Azure and other cloud-based solutions. Rising interest rates can lead to increased borrowing costs for consumers and businesses, potentially reducing their spending on software and technology services.

This can negatively impact Microsoft's revenue and growth prospects.

See Also: Fed Scrambles To Revise 2023 Projections As US Economy Surges Beyond Expectations

Higher interest rates can also affect the competitive landscape in the technology industry. If borrowing costs rise for Microsoft's competitors, it may impact their ability to invest in research and development or expansion efforts.

Conversely, Microsoft may also face increased borrowing costs if it needs to raise capital for strategic initiatives.

According to data from Benzinga Pro, MSFT has a 52-week high of $366.78 and a 52-week low of $213.43.