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A sign in New York City that train information is not running due to a global technical outage on July 19, 2024.’ title=”A sign in New York City that train information is not running due to a global technical outage on July 19, 2024.”>
Adam Gray / Stringer / Getty Images
A sign in New York City that train information is not running due to a global technical outage on July 19, 2024.
Key Takeaways
- U.S. equities slumped in intraday trading Friday, with CrowdStrike leading S&P 500 losses after the cybersecurity company caused an outage that affected businesses around the world.
- Shares of CrowdStrike rivals, including Palo Alto Networks, rose.
- Intuitive Surgical shares gained after the company beat profit and sales forecasts on surging use of its da Vinci surgical machine.
U.S. equities slumped in intraday trading Friday, with CrowdStrike (CRWD) leading S&P 500 losses after the cybersecurity company caused an outage that affected businesses around the world. The S&P 500, Dow, and Nasdaq were all lower.
Shares of CrowdStrike rivals, including Palo Alto Networks (PANW), rose. Meanwhile, Travelers (TRV) shares led the Dow lower as the insurance provider missed estimates for second-quarter sales and net premiums written.
Shares of Halliburton (HAL) slipped after the oilfield services company reported revenue that missed expectations as its U.S. operations lost ground. However, shares of Halliburton rival SLB (SLB) took off as it posted booming international sales.
Intuitive Surgical (ISRG) shares advanced as the maker of robotic medical devices beat profit and sales forecasts on surging use of its da Vinci surgical machine.
Oil and gold futures tumbled. The yield on the 10-year Treasury note was higher. The U.S. dollar gained on the euro, pound, and yen. Prices for most major cryptocurrencies were higher.
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