Dow drops 400 points, S&P 500 heads for worst week in 3 months: Live updates
Publishing timestamp: 2024-07-19 13:48:06
Summary
Stocks fell on Friday as there was a rotation out of megacap winners in favor of smaller names. The S&P 500 and Nasdaq lost around 0.6% and 0.8% respectively, while the Dow Jones Industrial Average slid 0.9%. The shift towards smaller names, seen as beneficiaries of interest rate cuts, was the theme of the week. CrowdStrike tumbled after causing a major IT outage, while Bitcoin rose. SunPower stock plummeted after halting new leases. Netflix's revenue guidance was light, and stock futures were mostly unchanged.
Sentiment: MIXED
Tickers: NFLX, AMD, BIO, PANW, PLUG, @SP.1, S, ISRG, IDXX, @GC.1, SLB, MSFT, AXP, .DJI, LLY, .RUT, CRWD, BTC.CM=, @ND.1, .SPXHC, CMA, FTNT, @DJ.1, NVDA, .SPX, .IXIC, SPWR,
Keywords: joe biden, dow jones industrial average, stock markets, business news, nasdaq composite, crowdstrike holdings inc, breaking news: markets, nasdaq 100 fut (mar'23), russell 2000 index, dow jones fut (mar'23), markets, s&p 500 fut (mar'23), s&p 500 index, united states,
Source: https://www.cnbc.com/2024/07/18/stock-market-today-live-updates.html