US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
NetherRealm Disbands Mobile Team, Shutting Down Mortal Kombat: Onslaught
Warner Bros Discovery Inc's (NASDAQ:WBD) NetherRealm Studios, the renowned developer behind the Mortal Kombat franchise, is experiencing significant upheaval with a recent round of layoffs and the
'Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today
U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for there week following a semiconductor sector pullback.
Government Agency Advises Public Against Testing 911 In Wake of CrowdStrike Outage
As much as someone may be tempted to dial 911 to make sure the emergency number works following the widespread CrowdStrike outage, authorities are coming across with this simple message: Don't do it.
Elon Musk Says CrowdStrike 'Deleted From All Our Systems'
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
SentinelOne Shares Climb As Investors Eye Cybersecurity Firms
SentinelOne, Inc. (NYSE:S) shares are trading higher Friday after a failed software update from CrowdStrike Holdings, Inc. (NASDAQ:CRWD) caused global outages.The Details:SentinelOne shares are
KraneShares Launches AGIX, the Latest AI Themed ETF to Hit the Market
Rep. Nancy Mace Post On X, "We've Requested Briefings From @CrowdStrike, @Microsoft and @CISACyber. We're Also Trying to Determine the Breadth of Impact, Especially Across the Federal Government at This Time. Cybersecurity and Tech Subcommittee on...
Rep. Nancy Mace Post On X, "We've Requested Briefings From @CrowdStrike, @Microsoft and @CISACyber. We're Also Trying to Determine the Breadth of Impact, Especially Across the Federal Government at
Goldman Sachs Analyst Stays Course On CrowdStrike Despite Outage, Expects Strong Company Reputation To Aid Recovery
CrowdStrike Holdings, Inc (NASDAQ:CRWD) shares are trading lower Friday after a significant outage that affected businesses worldwide following an update on its cloud software.On Thursday night, a
Nasdaq Set for Its Worst Week in 3-months, See How Some Names Have Performed
Labcorp, Quest Among Health Firms to Cite Impact From CrowdStrike Issue
Why Are CrowdStrike Shares Trading Lower On Friday
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock is trading lower Friday after the company'a update caused an outage, impacting businesses across the world.The Details: An update to one of CrowdStrike'
Nvidia Makes up About Half of the S&P 500 Tech Sector
S&P Big Tech ETF Paces Decliners as S&P 500 Heads Toward Worst Week Since April
Microsoft Outage: What States, Services, Companies Saw The 'Blue Screen Of Death'
A major outage of Microsoft Corp (NASDAQ:MSFT) Windows PC and Azure cloud services and CrowdStrike Holdings (NASDAQ:CRWD) cybersecurity services is impacting states, countries and services in the U.S.
$100 Invested In Adobe 20 Years Ago Would Be Worth This Much Today
Adobe (NASDAQ:ADBE) has outperformed the market over the past 20 years by 9.64% on an annualized basis producing an average annual return of 18.04%. Currently, Adobe has a market capitalization of $24
CrowdStike 'Blue Screen of Death' Hits Millions, Amex Earnings Bust | Herd on Wall Street
Morning traders, Happy Friday, where blue screens are freezing industries like airlines and banking worldwide.
EA SPORTS Releases College Football 25
What's Going On With American Airlines Stock Today?
American Airlines Group Inc. (NASDAQ:AAL) shares are trading nearly flat today. The company reportedly implemented a ground stop for all flights early today because of a communication problem.However,