Stock market today: Wall Street finishes worst week since April with more losses

  • 📰 kgun9
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City.

NEW YORK — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage.

Gains for previously unloved areas of the market had helped to offset some of those declines: Smaller stocks and companies whose profits are closely tied to the economy’s strength were rising. That sparked hopes for a market where more stocks are rising, rather than just a handful of dominating elites, which market watchers say would be healthier.

Friday’s moves came as a major outage disrupted flights, banks and even doctors’ appointments around the world. Cybersecurity firm CrowdStrike said the issue believed to be behind the outage was not a security incident or cyberattack and that it had deployed a fix. The company said the problem lay in a faulty update sent to computers running Microsoft Windows.

Crowdstrike’s stock trimmed its loss somewhat through the day, but it still turned in its worst performance since 2022. Stocks of rival cybersecurity firms climbed, including a 7.8% jump for SentinelOne and a 2.2% rise for Palo Alto Networks. Halliburton fell 5.6% after the provider of services to the energy industry matched analysts’ expectations for profit last quarter but missed for revenue.

 

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

 /  🏆 584. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Stock Trader Answers Stock Market Questions From TwitterFormer Wall Street stock trader Lance Breitstein answers your most asked stock market questions from Twitter.
Source: WIRED - 🏆 555. / 51 Read more »

Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania coolsAnother slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied.
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekAsian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run. U.S. futures and oil prices dropped. The yen weakened to 159.93 per dollar during morning trading. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Source: ksatnews - 🏆 442. / 53 Read more »