Stocks fall as global cyber outage weighs; dollar set for weekly gain
US stocks follow global peers lower
Global cyber outage and disruption weigh on mood
Dollar set for weekly gain
Updates to 2:50 p.m. ET
By Isla Binnie and Caroline Valetkevitch
NEW YORK, July 19 (Reuters) -World stock indexes fell on Friday as a global cyber outage rattled investors, while the dollar climbed and was on track to snap a two-week streak of declines.
The outage hit services from airlines to banks, unsettling markets further after a turbulent week.
Cybersecurity firm CrowdStrike CRWD.O was last down 12.1% after an update to one of its products appeared to trigger the outage that affected customers using Microsoft's MSFT.O Windows Operating System, disrupting businesses across sectors. Microsoft was down just 1%.
The Cboe Volatility index .VIX - Wall Street's "fear gauge" - rose to its highest level since April 25.
"Today's outages remind us that services can have supply chain disruptions too," said Jeff Kleintop, chief global investment strategist at Charles Schwab. "While not a cyberattack, the outage is a worrisome reminder of how our systems are deeply integrated."
The Dow Jones Industrial Average .DJI fell 387.81 points, or 0.95%, to 40,277.21, the S&P 500 .SPX lost 38.88 points, or 0.70%, to 5,505.71 and the Nasdaq Composite .IXIC lost 145.15 points, or 0.81%, to 17,726.07.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 6.93 points, or 0.85%, to 810.52. The STOXX 600 .STOXX index ended down 0.77%.
Investors also braced for important results in the U.S. second-quarter earnings season in the upcoming weeks. Results from megacaps will be in focus, with the S&P 500 technology-related sector down about 5% this week as investors rotated into sectors that have languished so far in 2024.
Tesla TSLA.O and Google-parent Alphabet GOOGL.O both report on Tuesday, kicking off results from the "Magnificent Seven" megacap group of stocks that have propelled markets since early 2023. Microsoft and Apple AAPL.O are set to report the following week.
DOLLAR RECOVERS
Thedollar index was on track for its second straight daily advance, putting the greenback on pace for its first weekly gain in three. It bounced back on recent U.S. economic data and concerns about the technology outage.
Against the Japanese yen JPY=, the dollar strengthened 0.07% to 157.48.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, gained 0.25% to 104.40, with the euro EUR= down 0.18% at $1.0876.
The European Central Bank kept interest rates on hold as expected, but left the door open to a September cut.Two ECB policymakerson Friday expressedgreater confidence that inflation was heading to the central bank's goal next year.
The Federal Reserve is scheduled for its next policy announcement at the end of July.
Markets expect only a slight chance for a cut of at least 25 basis points (bps), while almost completely pricing in a cut at its September meeting, according to CME's FedWatch Tool.
U.S. Treasury yields rose as investors waited on fresh data next week.
The yield on benchmark U.S. 10-year notes US10YT=RR rose 5.1 basis points to 4.239%, from 4.188% late on Thursday.
Oil prices fell as investors reacted to renewed hopes of a possible ceasefire in Gaza. U.S. crude CLc1 lost $2.69 to settle at $80.13 a barrel, whileBrent LCOc1 fell to $2.48 to $82.63.
In cryptocurrencies, bitcoin BTC= gained 4.50% at $66,692.00.
global asset performance http://tmsnrt.rs/2yaDPgn
world FX markets http://tmsnrt.rs/2egbfVh
Reporting by Isla Binnie and Caroline Valetkevitch in New York
Additional reporting by Rae Wee in Singapore and Marc Jones, Amanda Cooper and Dhara Ranasinghe in London
Editing by Andrew Cawthorne, Arun Koyyur, Matthew Lewis and Aurora Ellis
https://www.reuters.com/markets/ For Reuters Live Markets blog on European and UK stock markets, please click on: LIVE/
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.