Monday, 22 July 2024: Crowdstrike slumps to be the worst performer in S&P 500
![Monday, 22 July 2024: Crowdstrike slumps to be the worst performer in S&P 500](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/cd28525abfd602a496c37176cbece14f.jpg)
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Description
US equity markets retreated on Friday (19 July) as technology stocks came under fresh pressure and investors digested the impact of a global technology outage - Dow dropped -377-points or...
show moreThe broader S&P500 fell -0.71%, with Energy (down -1.29%), Information Technology (-1.27%) and Financials (-1.00%) all fell 1%+ to lead nine of the eleven primary sectors lower. Health Care (up +0.50%) and Utilities (+0.11%) were the only primary sectors to advance. Starbucks Corp rallied +6.85% after the Wall Street Journal reported that activist investor Elliott Management has taken a significant stake in the global coffee chain and is engaging with management to find ways to improve the company’s share price.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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