Shares of tech giant Microsoft (NASDAQ: MSFT) fell hard today, down some 4.5% as of 12:30 p.m. ET.
Microsoft is considered somewhat defensive by tech standards, so it was rare to see the stock down so much in a day. However, there were several tech leaders down by much more, as peer Advanced Micro Devices (NASDAQ: AMD) pre-announced plummeting PC sales for the September quarter, which signals soft sales for Microsoft's PC-related business as well.
In addition, the broader tech sector was down, as bond yields rose following a strong jobs report.
Source Fool.com