Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Microsoft’s cloud-fuelled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers signing up for more Internet-based storage, processing and Office productivity software.
It’s been a hallmark of the tech bull run. If you want to play, be prepared for some awful days. That proved true again on Monday as the group’s highest flyers led the way down in the market’s worst day since April