Tech Stocks Drag Markets Lower As Microsoft Ramps Up Security Offerings
- Healthcare stocks lagged as other major indices rallied near 52-week highs.
- Microsoft expanded its security software, hurting stocks like Palo Alto Networks, Zscaler, and Cloudflare.
- Nvidia invested $50 million into AI drug discovery company Recursion Pharmaceuticals, sending its stock soaring 150%.
- Bitcoin regained momentum, potentially heading towards $32,000 as traders eye upcoming inflation data.
- Biden's top economic adviser Brainard criticized trickle-down economics in a recent speech.