Tech Giants Face Rising Rate Pressure

Microsoft (MSFT), Apple (AAPL), and Oracle (ORCL) are facing pressure from rising interest rates, according to technical analysis by FXEmpire.

The tech giants' stock prices have been affected by the increasing rates, with Microsoft trading at $507.29, a 1.22% decrease from its previous level.

Apple is also experiencing a decline, down 0.89%, while Oracle has dropped 1.15%.

The analysts note that all three companies are above their key support levels, with Microsoft holding above $477.31 and Apple above $300.00.

However, the rising rates are causing a pullback in the market, which could be seen as an opportunity to buy dips. The analysts caution that shorting the stocks is not recommended due to the recent major gaps to the upside on volume.