Global IT Outage Leads to Worst Week for S&P 500 Since April

A faulty software update from CrowdStrike caused widespread disruptions, hitting major sectors and dragging down tech stocks.

The S&P 500 fell 0.7% on Friday, capping off a week of significant losses for major indexes.
CrowdStrike shares plunged over 10% after a defective update disrupted operations across various industries.
Tech-heavy Nasdaq Composite and the Dow Jones also experienced notable declines, with the Nasdaq down 0.8%.
Airlines, banks, and medical offices were among the hardest hit by the IT outage, causing operational delays and financial losses.
Investors are now shifting focus to upcoming earnings reports from companies like Tesla, Alphabet, and Coca-Cola.