CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equities Roundup: CrowdStrike Issues Continues to Weigh on IT

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Stocks remain weaker late Friday, near session lows the S&P Eminis and Nasdaq indexes are at early July levels while the Dow is near one week lows a day after marking a new all time high of 41,370.37.
  • Currently, the DJIA is down 375.97 points (-0.92%) at 40295.49, S&P E-Minis down 38.75 points (-0.69%) at 5556.25, Nasdaq down 128.1 points (-0.7%) at 17743.59.
  • Information Technology sector shares led laggers in the second half followed by Materials and Consumer Discretionary sectors. Outages for cloud software provider CrowdStrike saw share prices fall more than 15% to -11.46% at the moment as workaround solutions were implemented. The outage caused disruptions for other IT companies, however, including Intel -5.43%, EPAM Systems -4.06% and ON Semiconductors -4.19%.
  • Meanwhile, chemical stocks weighed on the Materials sector: FMC Corp -3.92%, PPG Ind -3.61%, Celanese -3.13%. Autos and parts makers weighed on Consumer Discretionary sector: Aptiv -4.6%, Tesla -4.16%, Ford -3.85% and Borg Warner -3.66%.
  • Conversely, Health Care and Communication Services sectors led gainers in late trade, equipment and servicer shares buoyed the former: Intuitive Surgical gained 8.4% reporting strong earnings late Thursday, Boston Scientific +2.28%, Abbott Labs +1.5%. Meanwhile, interactive media and services shares supported Communication Services: Meta +0.75, Google +0.25%.
  • Early Monday earnings announcements are expected from Verizon Communications, Truist Financial Corp and IQVIA Holdings. Monday afternoon earnings announcements from Nucor Corp, W R Berkley, Alexandria Real Estate, Crown Holdings and Cadence Design Systems.
233 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Stocks remain weaker late Friday, near session lows the S&P Eminis and Nasdaq indexes are at early July levels while the Dow is near one week lows a day after marking a new all time high of 41,370.37.
  • Currently, the DJIA is down 375.97 points (-0.92%) at 40295.49, S&P E-Minis down 38.75 points (-0.69%) at 5556.25, Nasdaq down 128.1 points (-0.7%) at 17743.59.
  • Information Technology sector shares led laggers in the second half followed by Materials and Consumer Discretionary sectors. Outages for cloud software provider CrowdStrike saw share prices fall more than 15% to -11.46% at the moment as workaround solutions were implemented. The outage caused disruptions for other IT companies, however, including Intel -5.43%, EPAM Systems -4.06% and ON Semiconductors -4.19%.
  • Meanwhile, chemical stocks weighed on the Materials sector: FMC Corp -3.92%, PPG Ind -3.61%, Celanese -3.13%. Autos and parts makers weighed on Consumer Discretionary sector: Aptiv -4.6%, Tesla -4.16%, Ford -3.85% and Borg Warner -3.66%.
  • Conversely, Health Care and Communication Services sectors led gainers in late trade, equipment and servicer shares buoyed the former: Intuitive Surgical gained 8.4% reporting strong earnings late Thursday, Boston Scientific +2.28%, Abbott Labs +1.5%. Meanwhile, interactive media and services shares supported Communication Services: Meta +0.75, Google +0.25%.
  • Early Monday earnings announcements are expected from Verizon Communications, Truist Financial Corp and IQVIA Holdings. Monday afternoon earnings announcements from Nucor Corp, W R Berkley, Alexandria Real Estate, Crown Holdings and Cadence Design Systems.