How major US stock indexes fared Friday, 7/19/2024
U.S. stocks closed lower, extending a slump that left Wall Street with its worst week since April
U.S. stocks closed lower, extending a slump that left Wall Street with its worst week since April.
The S&P 500 fell 0.7% Friday, its third straight drop since setting a record high on Tuesday.
The Dow Jones Industrial Average sank 0.9%, and the Nasdaq composite lost 0.8%.
The losses came as businesses around the world scrambled to contain the effects of a disruptive technology outage.
Cybersecurity firm CrowdStrike sank after saying the issue believed to be behind the global outage affecting flights, banks and medical offices lay in a faulty update sent to computers running Microsoft Windows.
On Friday:
The S&P 500 fell 39.59 points, or 0.7%, to 5,505.
The Dow Jones Industrial Average fell 377.49 points, or 0.9% to 40,287.53.
The Nasdaq composite fell 144.28 points, or 0.8%, to 17,726.94.
The Russell 2000 index of smaller companies fell 13.94 points, or 0.6%, to 2,184.35.
For the week:
The S&P 500 is down 110.35 points, or 2%.
The Dow is up 286.63 points, or 0.7%.
The Nasdaq is down 671.51 points, or 3.6%.
The Russell 2000 is up 36.13 points, or 1.7%.
For the year:
The S&P 500 is up 735.17 points, or 15.4%.
The Dow is up 2,597.99 points, or 6.9%.
The Nasdaq is up 2,715.59 points, or 18.1%.
The Russell 2000 is up 157.33 points, or 7.8%.
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