Stock market today: Wall Street slips as S&P 500 heads for its worst week since April

NEW YORK — U.S. stocks are slipping on Friday, as businesses around the world scramble to contain the effects of a disruptive technology outage.

CrowdStrike’s stock immediately plunged more than 15% when the market opened for trading, but it then nearly halved that to a loss of 8.4%. Microsoft was down 0.4%. "The markets are going to forgive them, the customers are going to forgive them, and this will blow over.” On the winning side of Wall Street was Huntington Bancshares. It rose 2.7% after reporting better profit for the latest quarter than expected. It delivered growth in various forms of profit as its total deposits increased.

The broad S&P 500 index is on track for its worst week since April, even though it set an all-time high on Tuesday. At first, pressure built on the Big Tech stocks that have been the market's biggest winners, amid criticism they simply grew too expensive. Nvidia, for example, is up more than 140% for the year so far amid Wall Street's frenzy around artificial-intelligence technology.

On Thursday, Wall Street saw a washout that pulled down most stocks across the market, including beaten-down smaller companies and what are called “value” stocks.

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