Stocks slide amid global cyber outage, dollar set for weekly gain

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 29 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 116%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK, July 19 - World stock indexes fell on Friday as a global cyber outage rattled investors, while the dollar climbed and was on track to snap a two-week streak of declines. Cybersecurity firm CrowdStrike , fell 8.2% after an update to one of its products appeared to trigger the outage that affected customers using Microsoft's , Windows Operating System, disrupting businesses across sectors.

The Cboe Volatility index , - Wall Street's"fear gauge" - was at its highest level since early May. U.S. megacaps were mixed. Nvidia , lost around 1%, while Apple , and Alphabet , stayed broadly positive. It is set for a 0.2% gain for the week after two weeks of losses, supported by this week's firm economic data and Friday's jitters about the outage, even as conviction grows that the Fed could cut interest rates in September.

U.S. Treasury yields rose, with little to drive market reaction as investors waited on fresh data next week.

 

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:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines

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

Why bad news is good news in a bull market: Stocks in TranslationThe major indexes (^DJI,^GSPC, ^IXIC) are in a record-smashing year as bullish calls on the S&P 500 pile up. RBC recently revised its S&P 500 (^GSPC) target ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BlackRock bullish on U.K. stocks after elections, Japan stocks are top playBlackRock Investment Institute said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive
Source: globeandmail - 🏆 5. / 92 Read more »