The US stock market experienced some uncertainty on Friday as a global IT outage caused some concerns, leading to a mixed performance on Wall Street. The Dow Jones Industrial Average futures dipped slightly, while S&P 500 and Nasdaq 100 futures showed a small increase. This comes after a recent tech sell-off and concerns over interest rate cuts impacting tech stocks.
Investors were monitoring a widespread computer system failure that affected various industries, including airlines, banks, and media companies. CrowdStrike announced that a fix was in place for the issue, which was caused by a glitch in Microsoft-based systems. This news helped calm some of the initial worries, leading to a partial recovery in stock prices.
In addition to the IT outage, Republican presidential candidate Donald Trump made headlines by stating his intention to end the electric vehicle mandate on his first day in office. This announcement has reignited discussions about the potential impact of Trump’s policies on the market, also known as the “Trump trade.”
In other news not related to Trump’s remarks, Netflix reported its earnings, with concerns over third-quarter subscriber guidance affecting the stock price. However, analysts remain optimistic about the streaming platform’s growth potential, citing strong performance in recent quarters and upcoming content releases.
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