Microsoft Stock Trades Lower Amid EU Gaming Probe

Microsoft Corporation stock traded slightly lower Thursday as technology stocks declined amid cautious market sentiment, with the Nasdaq falling 0.48% and the S&P 500 losing 0.20%. Separately, Italy's antitrust authority launched an EU-backed investigation into Microsoft-owned gaming companies over in-game virtual currency practices that may obscure purchase costs for minors. While technical indicators show the stock remains above key moving averages with a golden cross from August, its Relative Strength Index stands at 70.76, signaling potential overbought conditions and suggesting investors are watching support levels near $498.94.