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Microsoft Has Biggest Drop Since Sept. After Inflation Data

  • The stock remains up more than 45% thus far this year
  • Other major technology and internet names also end lower
Updated on

Microsoft Corp. fell on Tuesday, with the software company leading a decline among megacap internet and technology stocks.

The shares fell 3.3% in their biggest one-day percentage loss since September. The day’s drop erased more than $80 billion off its market valuation. Even with the decline, however, Microsoft remains up more than 45% this year.