Markets today: Stocks struggle as tech outages hit businesses

July 19, 2024 at 6:59AM EDT --

However, contracts on the Nasdaq 100 and S&P 500 indexes pared earlier losses to trade just 0.1 per cent lower. In Europe, the Stoxx 600 index was down 0.5 per cent, slipping for a fifth day. Shares in Air France-KLM, Ryanair Holdings Plc and other airlines fell heavily as flights were either grounded or delayed. LSE Group Plc, which operates the London stock exchange, recouped some of its share-price losses triggered after it said technical issues were preventing news from being published.

Market losses triggered by the outages are unlikely to last, said Rajeev De Mello, chief investment officer at Gama Asset Management, adding investors could “take advantage of such selloffs, especially in lower liquidity summer trading, and on Friday, to buy risk.”The recent moves into smaller, lower-valuation sectors were precipitated by signs the U.S.

As quarterly earnings continued to trickle in, Sartorius AG plunged 13 per cent after the German electronics maker lowered full-year guidance. Computer-games maker Ubisoft Entertainment SA slid more than eight per cent after mixed full-year targets, while gaming firm Evolution AB also tumbled after its earnings missed estimates.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stocks close in the green, markets await Friday's PCEStock market averages (^DJI, ^IXIC, ^GSPC) end the day just above their flatlines, the Nasdaq Composite leading the charge. Market Domination Overtime Host...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Join Global Rally, Treasuries Rise: Markets Wrap(Bloomberg) -- Asian equities were set to join a global stock rally as bets the Federal Reserve will soon start cutting rates fueled a rush into riskier...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks are mixed after US markets were closed for JuneteenthHONG KONG (AP) — Asian stocks were mixed in thin trading Thursday after U.S. markets were closed in observance of Juneteenth.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: Tech giants take wind out of stocks after rallyStocks lost traction after a rally to multiple all-time highs spurred calls for a near-term pullback amid signs of buyer exhaustion.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stocks show signs of buyer exhaustion after rallyStocks retreated after a rally to all-time highs spurred calls for a near-term pullback amid signs of buyer fatigue.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stocks show signs of buyer exhaustion after rallyStocks retreated after a rally to all-time highs spurred calls for a near-term pullback amid signs of buyer fatigue.
Source: BNNBloomberg - 🏆 83. / 50 Read more »