Microsoft Corp. Stock Rises Friday, Outperforms Market

Clough Global Dividend and Income Fund

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Clough Global Dividend and Income Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. It seeks to invest at least 80% of its net assets, including any borrowings for investment purposes, in equity securities in both United States and non-United States markets. It invests in a managed mix of equity and debt securities. The Fund may not invest more than 33% of its total assets in securities (including equity and fixed income securities) of governments and companies in emerging markets. The Fund also invest a portion of its assets in real estate investment trusts (REITs). It may not invest more than 10% of its total assets in debt securities rated below investment grade. In addition to shorting to hedge equity risk, the Fund may utilize instruments including, exchange traded funds (ETFs), derivative positions and U.S. Treasury securities. The Fund's investment advisor is Clough Capital Partners L.P.

Microsoft Corp. Stock Rises Friday, Outperforms Market

4:32 pm ET March 17, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microsoft Corp. (MSFT) rose 1.17% to $279.43 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. This was the stock's fifth consecutive day of gains. Microsoft Corp. closed $36.52 short of its 52-week high ($315.95), which the company reached on March 30th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. (AAPL) fell 0.55% to $155.00, Alphabet Inc. Cl C (GOOGL) rose 1.38% to $102.46, and Alphabet Inc. Cl A (GOOGL) rose 1.30% to $101.62. Trading volume (68.5 M) eclipsed its 50-day average volume of 32.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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March 17, 2023 16:32 ET (20:32 GMT)