“There is chatter that cybersecurity firm Crowdstrike ran an update which didn’t work on Microsoft’s operating system and that caused systems to fall over. Given we don’t know the full details, it’s too early for investors to work out the financial or reputational impact to these businesses,» Dan Coatsworth, investment analyst at AJ Bell, said.
At the time of writing (11:46 CET) shares in Microsoft were down 3.24% pre-market trading in the US, while shares in CrowStrike declined 19.28%.
In Europe, stock markets continued to function as normal despite corporate news feeds and information terminals being impacted by the tech outage.
«Futures prices imply a small pullback when Wall Street opens later today, but so far investors have not shown any panic. Whether that remains the case as the day goes on is another matter,” Coatsworth also said.
More to follow…
