RTM: Microsoft Saves The Day, For Now

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MSFT AND GOOGL LONG-TERM

Today, the stock market experienced a significant drop, as the S&P 500 fell by almost 1.6%. This is concerning, as the index dipped below the support level of 4,080 and closed at 4,071. Normally, this would indicate a bearish breakdown. However, Microsoft's positive results caused its stock to rise by more than 8%, and as a result, there is a possibility that the S&P 500 will rebound and trade above 4,080 tomorrow as the S&P 500 futures jump.