U.S. stocks mixed and messy early
Nasdaq, S&P 500 edge green, Dow dips
Comm Svcs lead S&P 500 sector gainers; Materials weakest group
Euro STOXX 600 index off ~0.7%
Dollar up slightly; bitcoin up >2%; crude dips; gold down ~2%
U.S. 10-Year Treasury yield rises to ~4.24%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
U.S. STOCKS MIXED AND MESSY EARLY
Wall Street's main indexes are mixed early on Friday as investors continue to asses the recent rotation, while also gauging the impact of a sweeping global tech outage.
An update to one of CrowdStrike's CRWD.O products appeared to be the trigger for the cyber outage that affected customers using Microsoft's MSFT.O Windows Operating System, disrupting businesses across sectors and sending the cybersecurity firm's shares down sharply.
In any event, action is mixed and messy with both FANGs .NYFANG and banks .SPXBK, .KRX higher out of the gate, while chips .SOX are red.
S&P 500 .SPX sectors are mixed with more economically sensitive groups taking the biggest hits. Overall, growth .IGX is slightly outperforming value .IVX.
The S&P 500 and Nasdaq Composite .IXIC are on pace for their biggest weekly percentage drops since the markets mid-April lows. The Dow .DJI is still on track to post a weekly gain.
Here is a snapshot of where markets stood around 1010 ET (1410 GMT):
(Terence Gabriel)
*****
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
'TRUMP 2.0' COULD MUDDLE EM-FRIENDLY FED CUTS - CITI - CLICK HERE
S&P 500 INDEX: A QUICK GOODBYE TO THIS WEEK'S RECORD HIGHS - CLICK HERE
THE BOE'S NEWEST RATE SETTER COULD HOLD THE DECIDING VOTE - CLICK HERE
UK TO BENEFIT FROM TECH ROUT, IMPROVING MACRO - CLICK HERE
BEIJING MAY HAVE TO ACCEPT LOWER GROWTH - CLICK HERE
SHARES DIP, CYBER OUTAGE IN FOCUS - CLICK HERE
earlytrade07192024 https://tmsnrt.rs/4fb4LBB
(Terence Gabriel is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
