Published on Zero Hedge (http://www.zerohedge.com)

Home > Microsoft Down 10% Or One Freeport-McMoRan

Microsoft Down 10% Or One Freeport-McMoRan

By Tyler Durden
Created 07/19/2013 - 08:52
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/19/2013 08:52 -0500



 

Microsoft's collapse last night is extending this morning as the stock holds at its 100DMA, down 10% from yesterday's close. The drop is knocking 24 points off the Dow and along with GOOG's damage is weighing heavily on the Tech sector overall (which was more evident in last night's Nikkei dump than in the US for now). The drop for Balmer's baby means a $30 billion loss of market cap - or one Schwab or Aflac or Freeport-McMoRan (or 2 Mattels).

 

[3]

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2013-07-19/microsoft-down-10-or-one-freeport-mcmoran

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/12285
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/07/20130719_MSFT.png