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Microsoft shares plunge as shares fall amid stock price decline

Microsoft shares plunge as shares fall amid stock price decline

Share prices of Microsoft, Google, Facebook and Apple have all dropped on Friday after the companies reported weaker-than-expected quarterly earnings and revenue figures.

The S&P 500 index is down 0.4% to 2,068.83 as of 4:00 p.m.

ET.

Dow Jones Industrial Average is down 2.3% to 21,869.69.

The Nasdaq is down 3.1% to 7,788.08.

The Dow is up 1.3%, Google is up 0.6% and Facebook is up 2.5%.

Shares of Apple fell 2.6%, Facebook’s shares fell 2%, and Facebook’s stock fell 4.5% in after-hours trading.

Apple stock rose more than 6% to $196.85 in late afternoon trading after the company reported stronger-than expected quarterly earnings, and revenue growth for the fiscal year ended March 31.

The company also reported strong sales for the quarter, the first time it has topped $100 billion.

The earnings report was better than Wall Street expected and the company also announced a new product and services strategy, but the company still expects a $9 billion impairment charge to be incurred for the rest of fiscal year.

Apple shares fell 1.2% to just under $215 on Friday.

The stock rose nearly 4% during the quarter.

Apple’s shares are up more than 7% this year, but have lost more than 4% in 2016.

Apple has been losing money as more and more of its customers turn to smartphones and tablets instead of computers and software.