Tech-heavy markets are feeling the brunt of the global IT outages linked back to a CrowdStrike (CRWD) software update on Microsoft Windows systems (MSFT). Julie Hyman and Josh Lipton monitor these market moves in Friday's final trading hour in this episode of Market Domination. Microsoft corporate vice president and deputy CISO Ann Johnson comes onto the program to explain how and why these outages occurred, believing it to be linked to "something that was unexpected" and beyond CrowdStrike's control. Baird managing director and market strategist Michael Antonelli talks about whether markets (^DJI, ^IXIC, ^GSPC) still have room to grow as investors move out of Big Tech and eye the uncertainty surrounding the 2024 election and Federal Reserve interest rate cuts: "I want everybody to remember the US economy is not an on-off switch. It's a dimmer... It grows brighter, grows darker. That's how it works." Top trending stock tickers on the Yahoo Finance platform today also include Travelers Companies (TRV), Intuitive Surgical (ISRG), and Starbucks (SBUX). This post was written by Luke Carberry Mogan...

The CrowdStrike (CRWD) outages did more than just sink the cybersecurity provider's stock on Friday; a CrowdStrike update to Microsoft Windows (MSFT) systems led to worldwide tech outages and massive headaches for banks, airlines, and even emergency services. Market Domination host Julie Hyman details the pain points felt by these industries over the course of the day. Notably, Delta Air Lines (DAL) reported a whopping 777 cancelled flights globally. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan. Yahoo Finance extensively covered the CrowdStrike incident throughout the course of the day: Explainer: How CrowdStrike knocked the world offline Global tech outage: Microsoft VP explains what went wrong CrowdStrike update leads to global outage: Industries affected Understanding the CrowdStrike outages, errors in IT space CrowdStrike shares fall more than 13% as global IT outage grounds flights, cuts off 911 access CrowdStrike 'too critical a tool' to cast off after outages CrowdStrike still reputable, blowback will be short: Expert IT outage opens questions about consolidation in tech: Analyst Global tech outage disrupts businesses, flights...

Barron’s has been warning about the market’s tech-heavy concentration for years. This past week is why...

While tech-stock investors aren’t necessarily known for tuning out hype, the software company has a surprising cohort of diehard fans that are...

CrowdStrike shorts were the "big winners" after the cybersecurity company caused a global outage, sending its stock lower, according to S3 Partners...

It's a software update that had huge repercussions. All around the globe, companies have faced technology troubles after an update from cybersecurity firm CrowdStrike (CRWD) impacted Microsoft (MSFT) systems. It led to delayed and canceled flights, stores closing their doors for the day, and headaches for millions. CrowdStrike CEO George Kurtz posted on X the outage wasn't caused by a cyberattack and that a fix had been deployed. Many believe it could take a few days for all systems to be fully back online.  Microsoft corporate vice president and deputy CISO Ann Johnson tells Market Domination about what went wrong. Johnson used the analogy of updating an app on your smartphone overnight. That's basically what CrowdStrike did; they issued an update overnight, and that update ended up roiling systems. Johnson explains that Microsoft is working with CrowdStrike to help those customers who were impacted by the update, adding that Microsoft has engineers working to help businesses implement the fix.  Johnson says it's hard to say how long it will take for all issues to be fully resolved, but ultimately believes CrowdStrike likely did test the update thoroughly and that the problem was "something that was unexpected."  For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich...