CrowdStrike fallout, US economy, Tesla robotaxi: Market Domination

Tech-heavy markets are feeling the brunt of the global IT outages linked back to a CrowdStrike (CRWD) software update on Microsoft Windows systems (MSFT). Julie Hyman and Josh Lipton monitor these market moves in Friday's final trading hour in this episode of Market Domination.

Microsoft corporate vice president and deputy CISO Ann Johnson comes onto the program to explain how and why these outages occurred, believing it to be linked to "something that was unexpected" and beyond CrowdStrike's control.

Baird managing director and market strategist Michael Antonelli talks about whether markets (^DJI, ^IXIC, ^GSPC) still have room to grow as investors move out of Big Tech and eye the uncertainty surrounding the 2024 election and Federal Reserve interest rate cuts: "I want everybody to remember the US economy is not an on-off switch. It's a dimmer... It grows brighter, grows darker. That's how it works."

Top trending stock tickers on the Yahoo Finance platform today also include Travelers Companies (TRV), Intuitive Surgical (ISRG), and Starbucks (SBUX).

This post was written by Luke Carberry Mogan.