A Stock Market Rotation of Historic Proportions Is Taking Shape

By Karen Langley The stock market has suddenly turned upside down. The market's laggards have sprung to life in recent days, while the seemingly impervious "Magnificent Seven" group of technology

WSJ02:19 ET

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.

wallstreetcnJul 19 21:32 ET

'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.

Moomoo Recap USJul 19 16:07 ET

Mega-Cap Technology Stocks Push US Equity Indexes Lower Friday

US equity indexes fell Friday as a continuing downdraft in technology proved to be a drag amid a global IT outage.The $Nasdaq Composite Index(.IXIC.US)$ declined 0.9% to 17,710.2, with the $S&P 500

MT NewswiresJul 19 16:02 ET

Nasdaq Set for Its Worst Week in 3-months, See How Some Names Have Performed

Seeking AlphaJul 19 12:53 ET

Plug Power Shares Decline 16% After Detailing Pricing of $200M Share Offering

By Denny Jacob Plug Power shares declined 16% after detailing the pricing of its previously announced $200 million public share offering. Shares were trading around $2.47, extending losses from after-

WSJJul 19 11:00 ET