Wall St ends volatile session lower in aftermath of global tech outage
Cybersecurity stocks rise after outage
Intuitive hits record high after quarterly results beat
Travelers Companies weighs on Dow
Indexes down: Dow 0.93%, S&P 0.71%, Nasdaq 0.81%
Adds market details after close of trading
By Stephen Culp
NEW YORK, July 19 (Reuters) -U.S. stocks extended their slump on Friday as lingering chaos related to a global technical outage caused by a software glitch added uncertainty to an already-anxious market.
The far-reaching tech outage disrupted operations across multiple industries including airlines, banking and healthcare after the glitch in cybersecurity firm Crowdstrike's CRWD.O software caused Microsoft's MSFT.O Windows operating system to crash.
While the flaw was identified and fixes deployed, technical issues continue to affect some services.
Crowdstrike shares slid 11.1%, while rival cybersecurity firms Palo Alto Networks PANW.O and SentinelOne S.N advanced 2.2% and 7.8%, respectively.
All three major U.S. stock indexes ended in negative territory, with the Dow Jones Industrial average suffering the worst of it.
On a weekly basis, both the Nasdaq and the S&P 500 logged their worst week since April, while the Dow, having reached a series of all-time closing highs earlier in the week, posted a Friday-to-Friday gain.
"This tech outage adds some uncertainty and puts pressure on the overall Nasdaq," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. "But it won’t have much of an overall impact. Some buying will be delayed. Not only is it a summer Friday but because of the outage (investors) are in wait-and-see mode."
"They're sitting on the sidelines," Pavlik added. "That's what happens to the stock market when volatility rules the day."
The CBOE Market volatility index .VIX, considered a gauge of investor anxiety, touched its highest level since late April.
The smallcap Russell 2000 .RUT - a beneficiary of a recent pivot away from megacap growth stocks - ended modestly lower.
Nvidia shares NVDA.O led a sell-off in chips. The Philadelphia SE Semiconductor index .SOX underperformed the broader market, falling 3.1%.
Elsewhere, Federal Reserve Bank of New York President John Williams reiterated the central bank's commitment to bringing inflation down to its 2% target.
Financial markets have priced in a 93.5% likelihood that the Fed will enter a rate-cutting phase at the conclusion of its September meeting, according to CME's FedWatch tool.
The Dow Jones Industrial Average .DJI fell 377.49 points, or 0.93%, to 40,287.53, the S&P 500 .SPX lost 39.59 points, or 0.71%, to 5,505 and the Nasdaq Composite .IXIC dropped 144.28 points, or 0.81%, to 17,726.94.
Among the 11 major sectors of the S&P 500, energy shares .SPNY fell the most, while healthcare .SPXBK and utilities .SPLRCU were the only gainers.
Second-quarter earnings season ended its first full week, with 70 of the companies in the S&P 500 having reported. Of those, 83% have beaten consensus, according to LSEG.
Analysts now see aggregate year-on-year S&P 500 earnings growth of 11.1%, an improvement over the 10.6% estimate as of July 1.
Next week, a swath of high-profile results is expected from Tesla TSLA.O, Alphabet GOOGL.O, IBM IBM.N, General Motors GM.N, Ford F.N and a host of other companies.
"It's early in earns season, but things have been impressive," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. "But the big boys are starting to report next week and what we want to hear is how strong the consumer is and what's the outlook for future economic growth."
Eli Lilly LLY.N advanced 1.0% after China approved its weight-loss drug tirzepatide, while Intuitive Surgical ISRG.O jumped 9.4% after a second-quarter results beat.
Travelers TRV.N tumbled 7.8% on lower-than-expected growth in net written premiums.
Netflix NFLX.O fell 1.5% in choppy trading after the streaming giant cautioned third-quarter subscriber additions would be lower than a year earlier.
Oilfield services provider SLB SLB.N rose 1.9% after strong second-quarter profit.
Declining issues outnumbered advancing ones on the NYSE by a 2.11-to-1 ratio; on Nasdaq, a 1.91-to-1 ratio favored decliners.
The S&P 500 posted 27 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 50 new highs and 99 new lows.
Volume on U.S. exchanges was 10.54 billion shares, compared with the 11.72 billion average for the full session over the last 20 trading days.
RUT vs SPX YTD https://reut.rs/4dccgGR
Reporting by Stephen Culp in New York
Additional reporting by Lisa Pauline Mattackal and Ankika Biswas in Bengaluru
Editing by Devika Syamnath and Matthew Lewis
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إخلاء المسؤولية: تتيح كيانات XM Group خدمة تنفيذية فقط والدخول إلى منصة تداولنا عبر الإنترنت، مما يسمح للشخص بمشاهدة و/أو استخدام المحتوى المتاح على موقع الويب أو عن طريقه، وهذا المحتوى لا يراد به التغيير أو التوسع عن ذلك. يخضع هذا الدخول والاستخدام دائماً لما يلي: (1) الشروط والأحكام؛ (2) تحذيرات المخاطر؛ (3) إخلاء المسؤولية الكامل. لذلك يُقدم هذا المحتوى على أنه ليس أكثر من معلومات عامة. تحديداً، يرجى الانتباه إلى أن المحتوى المتاح على منصة تداولنا عبر الإنترنت ليس طلباً أو عرضاً لدخول أي معاملات في الأسواق المالية. التداول في أي سوق مالي به مخاطرة عالية برأس مالك.
جميع المواد المنشورة على منصة تداولنا مخصصة للأغراض التعليمية/المعلوماتية فقط ولا تحتوي - ولا ينبغي اعتبار أنها تحتوي - على نصائح أو توصيات مالية أو ضريبية أو تجارية، أو سجلاً لأسعار تداولنا، أو عرضاً أو طلباً لأي معاملة في أي صكوك مالية أو عروض ترويجية مالية لا داعي لها.
أي محتوى تابع للغير بالإضافة إلى المحتوى الذي أعدته XM، مثل الآراء، والأخبار، والأبحاث، والتحليلات والأسعار وغيرها من المعلومات أو روابط مواقع تابعة للغير وواردة في هذا الموقع تُقدم لك "كما هي"، كتعليق عام على السوق ولا تعتبر نصيحة استثمارية. يجب ألا يُفسر أي محتوى على أنه بحث استثماري، وأن تلاحظ وتقبل أن المحتوى غير مُعدٍ وفقاً للمتطلبات القانونية المصممة لتعزيز استقلالية البحث الاستثماري، وبالتالي، فهو بمثابة تواصل تسويقي بموجب القوانين واللوائح ذات الصلة. فضلاً تأكد من أنك قد قرأت وفهمت الإخطار بالبحوث الاستثمارية غير المستقلة والتحذير من مخاطر المعلومات السابقة، والذي يمكنك الاطلاع عليه هنا.