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Microsoft stock hits a multi-year high on layoff & Q4 earnings speculation

Microsoft’s stock (MSFT) price on the NASDAQ exchange today closed at a multi-year high of $44.08 per share – up 3.84% on the day.

Why such jump for the Redmond tech giant’s stock price, and why today?

One of the reasons is due to the widely speculated rumour in which Microsoft announce the layoffs of close to 6,000 employees this week, and therefore cut some operating cost – investors like the sound of that.

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