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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Stock market today: S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rollingNEW YORK (AP) — U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more recordsStocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street slips in early trading, edging further below last week's recordsStocks are off to a sluggish start on Wall Street, pulling major indexes further below the all-time highs they set last week. The S&P 500 index slipped 0.2% in the first few minutes of trading Wednesday. The Nasdaq composite gave back 0.
Source: SooToday - 🏆 8. / 85 Read more »