Ticker MSFT

Today's data summary

Market open
% change
Price US dollars
As of 17:04 24 May 2019
Market cap. US dollars
971,645.31 million
As of 17:04 24 May 2019

Latest updates

Minecraft Earth: Minecraft's answer to Pokemon Go
Newsbeat is one of the first to get a look at the newly announced Minecraft augmented reality game

Microsoft hits $1tn market cap briefly

Microsoft logo on a building
Getty Images

Nasdaq has been boosted by a raft of positive earnings results from technology firms on Wednesday.

Facebook is top of the index, and it is followed by semiconductor manufacturer Lam Research, up 6.1% to $207.36 after topping analysts' expectations on earnings.

In third place is Microsoft, which rose 4.7% to $130.92 with $30.6bn in revenues thanks to growing demand for its cloud business.

On Wednesday, Microsoft briefly reached the $1tn market cap for the first time ever in late trading after its results were announced, and then hit it again on market open on Thursday.

Microsoft's shares are now just below the $1tn market cap at $130.09.

On Wednesday, electric car marker Tesla reported a $702m quarterly loss and predicted a loss for the following second quarter of 2019.

Tesla's shares opened 2% lower, but have now recovered and are down 0.3% to $257.61.

How Microsoft Paint's survival helped one illustrator's livelihood

Cartoonist Pat Hines explains how important Paint is for his work.
After Microsoft said it was phasing out their Paint program in 2017, outpouring of support for the app means the company has now decided to keep it in the next Windows 10 update in May. In a world of advanced graphics tools flooding the market, why does Paint still remain popular? Pat Hines is an illustrator based in Boston he explains why he's happy the program is here to stay.

(Photo: Watercolour background Credit: Calvin Dexter / Getty Images)