OREANDA-NEWS. Shares of the American corporation Microsoft fell on Monday by 14.7%, showing the largest drop since 2000. According to the Market Watch portal, 20 years ago, the company's securities fell in price by 15.6%.

On March 16, the Nasdaq electronic stock exchange index, where Microsoft shares are traded, fell 970.28 points (12.32%) to 6904.59 points. The Dow Jones industrial index and the S&P 500 index, which includes the 500 largest companies in the US market, lost about 12-13% as a result of the trading session on the New York Stock Exchange amid concerns about the spread of the new coronavirus. This is the largest stock price crash since October 1987.

According to CNBC, the losses of the four largest US technology companies - Microsoft, Apple, Alphabet and Amazon - total more than $ 1 billion since February. Microsoft was founded in 1975 by Bill Gates and Paul Allen. The corporation is one of the largest manufacturers of software for various devices: from personal computers to mobile phones. Microsoft is headquartered in the US city of Redmond, Washington.