🔴 MSFT is trading 3.8% down today on recession fears and SaaSpocalypse tech rotation

MSFT is trading at $398.56 (-3.77%) today, extending a sharp decline from yesterday's $414.19 close amid a broad market sell-off.

• The decline follows weak jobless claims data and growing recession fears that have pressured the NASDAQ down 1.40%, alongside a tech sector rotation triggered by Anthropic's latest AI tool release.
• Analyst Reback downgraded the stock to Hold today with a $392 price target, though the broader Wall Street consensus remains a Strong Buy with a $593 target.
• There are currently no company-specific catalysts, such as earnings reports, driving the price action.