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

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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.

 

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