11/26

MSFL Jumps 3.48% on Microsoft Gains and Tech Sector Rally

The GraniteShares 2x Long MSFT Daily ETF (MSFL) rose to $24.07, up 3.48% as of 2:38 PM ET on November 26th. Microsoft Co. (NASDAQ:MSFT) saw its stock price increase by 1.9% on Tuesday, trading as high as $427.25. This uptick comes amid a broader rally in tech stocks, which are lifting the S&P 500 index. Microsoft, along with other tech giants like Apple and Nvidia, is contributing significantly to the index's 0.35% rise. The anticipation of the Federal Reserve's meeting minutes release later today is also influencing market sentiment, as investors look for clues on potential interest rate cuts. Analysts maintain a positive outlook on Microsoft, with a majority rating it as a "buy" and an average target price of $503.03, reflecting confidence in its growth prospects.