The decline came as investors grew worried about a weakening sales environment in key parts of Microsoft's business, including video games and productivity software. Microsoft is reportedly planning to raise prices on premium first-party gaming titles, and that news put investors' focus on its video game division, which is going through a bit of a growth hangover. Executives noted lower levels of playing hours when Microsoft announced fiscal first-quarter results in late October. Read More...
Motley Fool
Why General Electric, Johnson Controls, and Deere Stocks Dropped on Monday
Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week’s news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well. As of 12:15 p.m. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly — 2.1%, 1.7%, and 1.8%, respectively. The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good.
