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Asia Down, Europe Markets Advance; Dollar Retreats While Gold Holds Above $2,400 - Global Markets Today While US Slept
On Friday, July 19th, U.S. stock markets closed lower, with the Dow Jones experiencing the most considerable decline. U.S. stocks fell due to a global tech outage caused by a glitch in Crowdstrike’s (NASDAQ:CRWD) software, affecting Microsoft’s Windows system and disrupting multiple industries.
In economic data, Baker Hughes reported that the total number of active oil rigs in the U.S. decreased by one this week, bringing the count to 477 rigs.
Of the 11 major sectors of the S&P 500, energy shares experienced the largest decline, while healthcare and utilities were the only sectors to post gains.
The Dow Jones Industrial Average was down 0.93% and closed at 40,287.53. The S&P 500 declined 0.71%, ending the day at 5,505.00, while the Nasdaq Composite ...