The stock market experienced significant turbulence on Friday, with the Dow Jones Industrial Average dropping 378 points, or 0.9%. This decline was fueled by ongoing concerns related to a tech outage that continued to unsettle investors. The broader market also saw losses, with the S&P 500 and the Nasdaq Composite falling by 0.7% and 0.8%, respectively.
This week has been marked by instability in US stocks, characterized by erratic fluctuations. Despite reaching new highs at various points, stocks have consistently swung back down, creating a sense of uncertainty among investors.
