Asia Down, Europe Markets Advance; Dollar Retreats While Gold Holds Above $2,400 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
On July 19th, U.S. stock markets closed lower due to a global tech outage caused by a glitch in Crowdstrike’s software, affecting Microsoft’s Windows system. The Dow Jones fell 0.93%, the S&P 500 declined 0.71%, and the Nasdaq Composite dropped 0.81%. Energy shares experienced the largest decline, while healthcare and utilities posted gains. Baker Hughes reported a decrease in active U.S. oil rigs. European markets advanced, and the U.S. dollar retreated while gold held above $2,400.
July 22, 2024 | 10:36 am
News sentiment analysis
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NEGATIVE IMPACT
Crowdstrike's software glitch caused a global tech outage, significantly impacting U.S. stock markets and multiple industries.
The software glitch in Crowdstrike's system caused widespread disruptions, leading to a decline in U.S. stock markets. This negative event is likely to impact Crowdstrike's stock price adversely in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's Windows system was affected by Crowdstrike's software glitch, contributing to the decline in U.S. stock markets.
The disruption in Microsoft's Windows system due to Crowdstrike's software glitch contributed to the decline in U.S. stock markets. This negative impact is likely to affect Microsoft's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 declined 0.71% due to a global tech outage caused by a glitch in Crowdstrike’s software.
The S&P 500 experienced a decline due to the tech outage caused by Crowdstrike's software glitch. This event is likely to have a short-term negative impact on the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Gold prices held above $2,400, trading higher by 0.33% at $2,407.10.
The increase in gold prices is likely to have a positive short-term impact on the GLD ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Natural Gas prices gained 2.59% to $2.221.
The increase in Natural Gas prices is likely to have a positive short-term impact on the UNG ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50