By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Asia markets live: Stocks rise
    Asia markets live: Stocks rise
    May 12, 2025
    Hamas says last living American hostage in Gaza will be released in truce efforts – National
    Hamas says last living American hostage in Gaza will be released in truce efforts – National
    May 12, 2025
    At long last, South Seattle celebrates a ‘crown jewel’ high school
    At long last, South Seattle celebrates a ‘crown jewel’ high school
    May 12, 2025
    Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
    Trump reportedly is set to accept a jet from Qatar’s ruling family for possible use as Air Force One
    May 11, 2025
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    May 11, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Lido DAO initiates emergency vote to swap compromised oracle
    Lido DAO initiates emergency vote to swap compromised oracle
    May 12, 2025
    White House claims ‘substantial progress’ on China trade deal
    White House claims ‘substantial progress’ on China trade deal
    May 12, 2025
    XRP, Dogecoin surges as Bitcoin Pepe launch nears
    XRP, Dogecoin surges as Bitcoin Pepe launch nears
    May 12, 2025
    Pepe price jumps 40% on Bitcoin rally
    Pepe price jumps 40% on Bitcoin rally
    May 12, 2025
    Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
    Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More
    May 11, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Stock market news today: Dow slips in wake of global outage
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Stock market news today: Dow slips in wake of global outage
Stock market news today: Dow slips in wake of global outage
Business

Stock market news today: Dow slips in wake of global outage

Published July 19, 2024
Share
6 Min Read
SHARE

Contents
Stocks little changed after global IT outageOff the phone with: American Express CEOIn other news…

US stocks wavered on Friday as worries over a global IT outage calmed, with Wall Street looking for recovery from a sell-off that saw the Dow snap a run of wins and a tech rout continue.

The Dow Jones Industrial Average (^DJI) slipped 0.2%, coming off a drop of over 1% for the blue-chip index. The S&P 500 (^GSPC) gained 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.3%.

Stocks are facing weekly losses after a wobbly handful of sessions that saw a dive in techs, with AI-focused chip stocks bearing the brunt. Investors are rotating out of the tech heavyweights that have fueled the recent rally and into small caps, seen by some as benefiting more from interest-rate cuts.

In the early hours, investors assessed the potential impact of an “unprecedented” failure in computer systems worldwide that grounded flights and hit banks, telecoms and media companies, among others. But concerns eased after CrowdStrike (CRWD) said a fix was in place for the glitch, a botched update that affected Microsoft-based (MSFT) systems.

CrowdStrike shares plunged as much as 20% as the outage spread, but pared losses to around 12% at the open. Shares in Microsoft — which was working on problems with its Azure cloud services — were slightly lower but also recovering.

Meanwhile, Republican presidential contender Donald Trump used his nomination speech on Thursday to say he would “end the electric vehicle mandate on day one.” His comment comes as the market wakes up to the “Trump trade” — the implications of his policies for assets if the former president takes the White House.

Live3 updates

  • Fri, July 19, 2024 at 4:32 PM GMT+3

    Stocks little changed after global IT outage

    Stocks were little changed on Friday as more details emerged about a global IT outage. Wall Street was struggling to recover from a sell-off that left all major averages in the red on Thursday.

    The Dow Jones Industrial Average (^DJI) slipped 0.2% after dropping more than 1% in the prior session.

    The S&P 500 (^GSPC) hovered around the flatline, while the tech-heavy Nasdaq Composite (^IXIC) slipped 0.2%.

    Investors have been rotating out of tech stocks this week with AI focused chip stocks leading to the downside.

    Early this morning investors assessed the impact of an “unprecedented” failure in computer systems that work with CrowdStrike (CRWD) and Microsoft-based (MSFT) platforms.

    CrowdStrike CEO George Kurtz said a fix was in place for the glitch. He said “CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts.”

  • Fri, July 19, 2024 at 3:26 PM GMT+3

    Off the phone with: American Express CEO

    Another solid quarter from American Express (AXP) will see it hike its marketing budget to $800 million this year to $6 billion, CEO Stephen Squeri just told me by phone.

    He also had this to say on whether he is thinking more cautiously on the second half of the year because of the election:

    “If I was baking in more caution. I wouldn’t have raised the guidance. I wouldn’t be increasing the marketing and so forth. I think we’ll just be consistent and I think that’s the key point here. The Fed will do what the Fed is going to do probably in September. I certainly is not going to raise rates, they’ll probably be cut, they’ll probably be another cut before the end of the year. I think that’ll help you know, consumer confidence. I think we’ll see whatever happens in the election in November, which I don’t think anybody has any idea and the reality is this company has been around for 174 years with 30 presidents — we’ll get through whatever is we need to get through.”

  • Fri, July 19, 2024 at 12:54 PM GMT+3

    In other news…

    In news not related to Trump’s RNC speech, Hulk Hogan ripping his shirt off at the event moments earlier and Cloudflare’s (NET) outage wrecking havoc on life (and its stock price) this morning…

    We DID have Netflix earnings last night, which Yahoo Finance’s Alexandra Canal breaks down here. The stock is down slightly in the pre-market, with some concern on third quarter subscriber guidance.

    Here’s what Jefferies tech analyst Brent Thill had to say on this front:

    “We don’t think so [guidance is a problem]. Given the massive growth over the last 12 months from password sharing (+39M net adds), a slowdown in sub growth shouldn’t be surprising. It is worth highlighting that the 8M net adds in Q2 was the strongest Q2 the company has reported except for Q2’20. We expect Q4 sub growth to accelerate to 7.7M net additions given the content slate (Squid Game S2, NFL Games) and better seasonality in Q4 vs. Q3.”

    Makes sense to me.

#Stock #market #news #today #Dow #slips #wake #global #outage

TAGGED:DowglobalmarketNASDAQ CompositeNewsoutageslipsStocktodaywake
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Pro-XRP Lawyer Gets M From Winklevoss Twins To Fight Warren Pro-XRP Lawyer Gets $1M From Winklevoss Twins To Fight Warren
Next Article Vietnam’s Nguyen Phu Trong, longtime leader and advocate of ‘bamboo diplomacy’, dies Vietnam’s Nguyen Phu Trong, longtime leader and advocate of ‘bamboo diplomacy’, dies
- Advertisement -

Latest Post

Asia markets live: Stocks rise
Asia markets live: Stocks rise
World News
Lido DAO initiates emergency vote to swap compromised oracle
Lido DAO initiates emergency vote to swap compromised oracle
Cryptocurrency
Hamas says last living American hostage in Gaza will be released in truce efforts – National
Hamas says last living American hostage in Gaza will be released in truce efforts – National
World News
White House claims ‘substantial progress’ on China trade deal
White House claims ‘substantial progress’ on China trade deal
Cryptocurrency
At long last, South Seattle celebrates a ‘crown jewel’ high school
At long last, South Seattle celebrates a ‘crown jewel’ high school
World News
XRP, Dogecoin surges as Bitcoin Pepe launch nears
XRP, Dogecoin surges as Bitcoin Pepe launch nears
Cryptocurrency
- Advertisement -

You Might Also Like

Elon Musk says first human has received Neuralink brain implant
Business

Elon Musk says first human has received Neuralink brain implant

January 30, 2024
Ukraine ‘uses dummy models of military targets’ to trick Russian forces | World News
World News

Ukraine ‘uses dummy models of military targets’ to trick Russian forces | World News

July 7, 2024
Mexico confirms some Mayan ruin sites are unreachable because of gang violence and land conflicts
Business

Mexico confirms some Mayan ruin sites are unreachable because of gang violence and land conflicts

January 28, 2024
Live news: UK house prices rise more than expected in July
Business

Live news: UK house prices rise more than expected in July

August 7, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?