July 22nd Morning Report

Monday 22nd July 2024

US markets ended lower on Friday as lingering chaos related to a global technical outage caused by a software glitch added uncertainty to an already-anxious market. The far-reaching tech outage disrupted operations across multiple industries including airlines, banking and healthcare after the glitch in cybersecurity firm Crowdstrike's software caused Microsoft's Windows operating system to crash.

The Dow Jones Industrial Average closed down 0.93%, while the S&P 500 and Nasdaq Composite were down 0.71% and 0.81% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.21%), the Dax 30 (-1.00%), CAC 40 (-0.69%) and the STOXX (-0.88%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.16%), HSI (-2.03%) and the Shanghai Composite (+0.17%).

The yield on the US 10 - year note was at 4.242%, while the 2 - year note was at 4.515%. Oil was up to $80.25 per barrel, up 0.15%. The gold price was at US$2402.80 per ounce, up 0.15%.