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US stocks closed lower Friday, marking the worst week for the S&P 500 since mid-April.
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A global IT outage caused by a Crowdstrike update exacerbated Friday’s stock market decline.
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Next week, investors will focus on upcoming earnings from Tesla and Alphabet, as well as economic data releases.
US stocks closed lower on Friday, capping off the worst week for the S&P 500 since mid-April.
The decline on Friday extended the trend of smaller-cap stocks outperforming large-cap peers, which was initially sparked by a cooler-than-expected June inflation report last week.
Friday’s decline in stock prices was exacerbated by a global IT outage that plagued computers running Microsoft’s Windows operating system.
The IT outage was caused by a bug contained in a…
