Stocks Finish Down, Leading to Weekly Losses for S&P 500 and Nasdaq Due to Tech Sell-Off

Major stock indexes are showing mixed signals ahead of the opening bell, with futures tied to the Dow Jones Industrial Average down 0.2%, while S&P 500 futures and Nasdaq 100 futures are both up 0.1%.

In other news, CrowdStrike Holdings (CRWD) experienced a significant drop in its stock price after a defective software update caused widespread outages in major cloud computing platforms, impacting operations for airlines, health care facilities, and financial institutions. The incident led to a sharp decline of 11.1% in CrowdStrike’s shares, marking the heaviest losses among S&P 500 stocks.

On the positive side, Intuitive Surgical (ISRG) saw its shares soar to a record high after reporting better-than-expected second-quarter results driven by strong demand for its da Vinci robotic surgical device. The company’s stock surged 9.3%, leading the gainers in the S&P 500.

Additionally, American Express (AXP) reported larger profits than analysts had expected for the second quarter, but its stock was down about 4% in mid-morning trading as revenue and net interest income fell short of estimates.

Overall, the market is experiencing a mix of ups and downs as investors react to various company earnings reports and market developments. Stay tuned for more updates as the trading day progresses.