Stock Market Update: Biggest S&P 500 Movers on Friday

The stock market saw some major movements on Friday, with CrowdStrike Holdings taking a hit after a defective software update caused widespread outages in major cloud computing platforms. The cybersecurity firm’s shares plummeted 11.1%, marking the heaviest losses of any S&P 500 stock. This incident disrupted operations for major airlines, health care facilities, and financial institutions, among other businesses.

On the other hand, Intuitive Surgical saw its shares soar to a record high after the manufacturer of robotic medical devices topped sales and profit forecasts with its second-quarter results. The strong performance was driven by robust demand for the company’s da Vinci robotic surgical device.

In the cryptocurrency world, Bitcoin surged above $67,000 for the first time in a month, gaining more than 4% on Friday. U.S. spot bitcoin exchange-traded funds also saw positive inflows, with optimism growing around the approval and potential trading debut of spot ether ETFs.

Overall, the stock market showed mixed movements ahead of the opening bell, with futures tied to the Dow Jones Industrial Average down 0.2%, while S&P 500 and Nasdaq 100 futures were up 0.1%.

These developments highlight the volatility and diverse opportunities present in the financial markets, making it an exciting time for investors and traders alike.