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Microsoft shares erase year-to-date losses on long-running rally

The stock’s surge is tied to signs that Microsoft’s capital spending is paying off, according to MarketWatch.

Reported · Written up by our desk · ETFs

Microsoft shares have surged in a way not seen in about 26 years, reversing earlier weakness and erasing its year-to-date losses, according to MarketWatch.

MarketWatch said the rally appears to have momentum because Microsoft’s capital spending is showing a payoff.

The outlet characterized the stock’s advance as having staying power, linking the performance to improving returns from investments rather than a one-off move.

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