Markets Tremble Over Planned China Chip Restrictions, Trump's Election Odds Rise, CrowdStrike Triggers Global Tech Outage: This Week In The Market

Quick Summary:

In a week packed with global breaking events, both the S&P 500 and the Nasdaq 100 indices marked their worst weekly performance in three months, predominantly driven by a broad-based selloff in chipmakers.

According to prediction markets, the betting-implied odds of a Trump victory spiked to 75% before dropping to 65% on Friday as Kamala Harris gained traction over Biden.

A a drop in major equity averages at the end of the week might have escalated significantly if last weekend’s events in Butler, Pennsylvania, had not ended as they did.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChinaJapan

Topics: Mortgage Cybersecurity CRWD Politics Jerome Powell Global ASML Government Top Stories Federal Reserve Semiconductors Econ #s Inflation Donald Trump USN070591862 Real Estate Macro Economic Events Tech REIT Benzinga US5949181045 Economics MSFT Labor market Chipmakers Large Cap Interest Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 20:36:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21687511

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 45 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publisher ID: #53

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