Wall Street Eye Worst Week In 3 Months As Tech Sector Falters; Oil Falls, Bitcoin Hits 1-Month Peak: What's Driving Market Friday?

Quick Summary:

Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc.(NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide.

The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months.

The small caps of the Russell 2000 index are down only 0.4%, poised to secure another week of relatively better performance compared to large caps.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: TRV Sector ETFs HAL PPG US21254S1078 Large Cap XLE US64110L1061 XLV Econ #s SLB ISRG Top Stories US9576381092 XLK WAL US4461501045 PANW Broad U.S. Equity ETFs Analyst Color US81369Y2090 HE CMA US78467X1090 US6935061076 Tech Midday update Benzinga US0258161092 US4198701009 US4642874329 US5949724083 US81369Y5069 S COIN AXP Markets RIOT NFLX US2003401070 Pro Project ETFs MSTR US4062161017 US85207U1051 CRWD Equities US89417E1091 US78462F1030 SPY Stories That Matter US46120E6023 DIA TLT Cybersecurity US81369Y8030 AN8068571086 HBAN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 17:27:53 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21686259

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