Microsoft Takes Down Nasdaq
Legal woes trigger sell-off in high-priced tech issues.
Microsoft's (MSFT) run-in with the federal government triggered a sell-off in the Nasdaq stock market Monday, sending the often volatile index plunging nearly 8%.
For the fifth time in six sessions, stocks in the technology-heavy market got whacked. This time the Nasdaq plunged nearly 350 points, or 7.6%, to 4223.63, putting the market well into correction territory.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.