Tech Stocks Tumble Amid Global Outage

Wall Street's major indexes opened lower on Friday as investors moved away from tech and chip stocks, driven by a global tech outage. The Dow Jones declined by 72.67 points, while the S&P 500 and Nasdaq Composite also saw slight dips.


Devdiscourse News Desk | Updated: 19-07-2024 19:05 IST | Created: 19-07-2024 19:05 IST
Tech Stocks Tumble Amid Global Outage
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Wall Street's main indexes opened lower on Friday, with significant drops in chip and megacap tech stocks. The shift is attributed to a sweeping global tech outage.

The Dow Jones Industrial Average fell 72.67 points, or 0.18%, at the open, marking a new figure of 40,592.35.

The S&P 500 opened down by 1.22 points, or 0.02%, reaching 5,543.37, while the Nasdaq Composite declined 35.63 points, or 0.20%, to 17,835.59 soon after the opening bell.

(With inputs from agencies.)

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