Future101 @Future101: "💰 𝐖𝐞𝐞𝐤𝐥𝐲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 💰 Week Ending..."

Philippines

💰 𝐖𝐞𝐞𝐤𝐥𝐲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 💰 Week Ending 7/19/2024 𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐞𝐝? - The $SPX500 (SPX500 Index (Non Expiry)) fell this week, led by the technology sector as an issue with a software update from CrowdStrike Holdings $CRWD (Crowdstrike Holdings) drove system outages globally.CrowdStrike's software update affected computer systems using Microsoft $MSFT (Microsoft) Windows across the world, disrupting flights, payments, hospital systems and more. The widespread extent of the effects underscored the interconnected nature of global technology systems and raised many questions and concerns for the technology sector and beyond. - The technology sector had the largest percentage drop of the week, sliding 5.1%, followed by a 2.9% decline in communication services and a 2.7% drop in consumer discretionary. Other sectors in the red included utilities, materials and health care. Crowdstrike led the technology sector's slide, falling 18% on the week. Shares of Facebook parent Meta Platforms $META (Meta Platforms Inc) and Google parent Alphabet $GOOG (Alphabet) weighed on communication services, falling 4.4% and 4%, respectively. 𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐧𝐞𝐱𝐭? - Next week's economic data will include June new and existing home sales, Q2 gross domestic product and the June personal consumption expenditures index, a closely watched inflation measure - Also next week's earnings schedule features Verizon Communications $VZ (Verizon) Alphabet $GOOG (Alphabet) Tesla $TSLA (Tesla Motors, Inc.) Visa (V), Coca-Cola (KO), United Parcel Service (UPS), International Business Machines (IBM), AT&T (T ), Union Pacific (UNP), Colgate-Palmolive (CL) and 3M (MMM). Weekly Performance: @Future101- (+11.9%) $SPX500 (SPX500 Index (Non Expiry)) - (-1.94%) $NSDQ100 (NASDAQ100 Index (Non Expiry)) - (-3.95%) - To all those who have recently copied me, I would like to say thank you and welcome. Having said that, I would want to thank you sincerely for your ongoing support. Maintaining composure and patience is essential. Cheers to everyone's weekend. - Disclaimer: This is just an opinion and is not a financial advice.