Stock market today: Wall Street opens slightly lower; CrowdStrike sinks after tech outage

  • 📰 SooToday
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 85%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

NEW YORK (AP) — Wall Street is relatively quiet even as businesses around the world scramble to contain the effects of a disruptive technology outage. The S&P 500 slipped 0.1% early Friday, a day after a wipeout dragged much of the market lower.

NEW YORK — Wall Street is relatively quiet even as businesses around the world scramble to contain the effects of a disruptive technology outage. The S&P 500 slipped 0.1% early Friday, a day after a wipeout dragged much of the market lower. The Dow Jones Industrial Average was down 0.5%, and the Nasdaq composite was off 0.1%. The relatively calm trading came as a major outage disrupted flights, banks and even doctors’ appointments around the world.

Long lines formed at airports in the U.S., Europe and Asia as airlines lost access to check-in and booking services as many travelers head for summer vacations. News outlets in Australia — where telecommunications were severely affected — were pushed off air for hours. Hospitals and doctor’s offices had problems with their appointment systems, while banks in South Africa and New Zealand reported outages to their payment system or websites and apps.

In Asian trading, benchmarks in Hong Kong and Taiwan dipped more than 2% as investors remained wary over China’s plans for reviving its slowing economy. In Tokyo, the Nikkei 225 lost 0.2% to 40,063.79, while South Korea's Kospi shed 1% to 2,795.46. Australia’s S&P/ASX 200 fell 0.8% to 7,971.60.Taiwan's Taiex fell 2.3%, as computer chip-maker Taiwan Semiconductor Manufacturing Co.'s shares sank 3.5%, extending losses triggered by a report that Washington might double down on restrictions on sales to China of semiconductors and equipment used to make and test them.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: A washout on Wall Street sends stocks, big to small, lowerNEW YORK (AP) — A widespread washout for U.S. stocks dragged Wall Street lower on Thursday. The S&P 500 dropped 0.8% to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average tumbled 533 points, or 1.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street hits records as a slowing economy boosts hopes for lower ratesNEW YORK (AP) — Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens higher after inflation continues to easeNEW YORK (AP) — Stocks are edging higher in early trading on Wall Street and are heading for their fourth weekly gain in a row.
Source: SooToday - 🏆 8. / 85 Read more »