Microsoft (NASDAQ: MSFT) is of course the company behind one of the world's most prolific computer operating systems, though it also sells all sorts of software. Microsoft is deep into the cloud computing market as well. Research outfit Canalys estimates the software giant generated nearly $15 billion worth of cloud infrastructure revenue in the second quarter of this year alone. Read More...
MarketWatch
Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher and extend gains into the closing bell. “While I certainly wouldn’t classify this morning’s flush capitulatory, the stock market is dealing with disappointing inflation reports a lot better than a short time ago,” said Mark Arbeter, president of Arbeter Investments LLC, in note. The Dow Jones Industrial Average (DJIA) fell just shy of 550 points, or 1.88%, but ended the day up 827.87 points, or 2.8%, at 30,038.72.
