Crowdstrike shares plunge, but stocks shrug off outage to resume drop
U.S. stocks closed lower on Friday, in the wake of an outage that roiled operations at companies across multiple industries, from airlines to healthcare to government agencies worldwide.
The outage stemmed from an update by cybersecurity firm Crowdstrike to Microsoft Windows hosts, Crowdstrike said on its website. “This is not a security incident or cyberattack,” it noted on its website. Microsoft also said all its systems were “up and running.”
By the time New York trading opened, most companies were becoming operational again but still catching up. Crowdstrike shares closed down 11.1% at $304.96, with analysts predicting the outage would cost the company money to fix and restore trust with its customers. It was the lowest close…
