US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcn09:32

Persistent Enregistre Un Chiffre D'affaires De 328,2 Millions De Dollars Au Premier Trimestre De L'exercice 25, Avec Une Croissance De 5,6 % En Glissement Trimestriel Et De 16,0 % En Glissement Annuel

Passage à une approche des services axée sur l'IA et les plateformes.PUNE, Inde et SANTA CLARA, Californie, 18 juillet 2024 /PRNewswire/ -- Persistent Systems (BSE : 533179) (NSE : PERSISTENT) a

PR NewswireJul 19 03:50

Persistent Verzeichnet Im Ersten Quartal Des Geschäftsjahres 2025 Rund 328,2 Mio. USD Umsatz Mit Einem Wachstum Von 5,6 % Im Vergleich Zum Vorquartal Und 16,0 % Im Vorjahresvergleich

Umstellung auf einen KI-gesteuerten, plattformbasierten DienstleistungsansatzPUNE, Indien und SANTA CLARA, Kalifornien, 18. Juli 2024 /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: 533179) (

PR NewswireJul 19 03:49

10 Information Technology Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity

BenzingaJul 19 01:35

Oppenheimer Cuts Price Target on Snowflake to $180 From $220, Keeps Outperform Rating

Snowflake (SNOW) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $105 to $236.Price: 135.41, Change: +0.31, Percent Change: +0.23

MT NewswiresJul 18 19:55

Express News | Snowflake Inc. : Oppenheimer Cuts Target Price to $180 From $220

BreakingsJul 18 19:35