Global IT Outage Caused by CrowdStrike Software Update: 2000 Flights Canceled, Dow Jones Drops 900 Points

United States of America
A global technology outage caused by a CrowdStrike software update affected various industries on July 19, 2024.
CrowdStrike CEO George Kurtz stated that it was not a security incident or cyberattack and a fix had been sent out.
More than 2000 flights were canceled compared to about 900 on the previous day.
The disruption was due to a glitch in the Microsoft Windows operating system and led to numerous cancellations of flights across multiple U.S. airlines.
The outage resulted in significant losses for the stock market with both S&P 500 and Nasdaq Composite experiencing their worst weekly losses since April.
Global IT Outage Caused by CrowdStrike Software Update: 2000 Flights Canceled, Dow Jones Drops 900 Points

A global technology outage caused by a software update issued by CrowdStrike affected various industries including airlines, health care systems, banks and businesses around the world on July 19, 2024. The disruption was due to a glitch in the Microsoft Windows operating system and was not a security incident or cyberattack. The outage led to numerous cancellations of flights across multiple U.S. airlines such as Allegiant Air, American, Delta, Spirit and United.

According to reports, more than 2000 flights were canceled compared to about 900 on the previous day. The failures also disrupted operations of various industries including banks and global retail giants. CrowdStrike Holdings Inc., a dominant supplier of software that protects businesses from ransomware attacks, was thrust into the spotlight as they struggled to fix the faulty patch that led to cascading, system-wide failures.

The outage resulted in significant losses for the stock market with both S&P 500 and Nasdaq Composite experiencing their worst weekly losses since April. US stocks fell on Friday due to the global IT outage and concerns over tech stocks. The Dow Jones Industrial Average also slipped almost 1%.

The software update affected Microsoft-based systems, including Azure cloud services, leading to widespread disruptions across various industries.

CrowdStrike CEO George Kurtz stated that it was not a security incident or cyberattack and a fix had been sent out. However, he warned that the impact of the outage could be historic due to the global economy's fragile dependence on certain software and the cascading effect it can have when things go wrong.

The failure in computer systems also affected stocks with significant price movements such as CrowdStrike, Plug Power, Comerica and others. The Dow Jones Industrial Average fell 0.9%, shedding 900 points over the last two sessions but managed a slight gain for the week.

It is important to note that this article is not biased towards any political or ideological stance and aims to provide a factual account of the events.


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Confidence

90%

Doubts
  • Was the glitch in the Microsoft Windows operating system directly caused by the CrowdStrike software update?
  • Were there any other contributing factors to the global technology outage?

Sources

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market news today: S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout

Yahoo Finance Karen Friar Saturday, 20 July 2024 02:16
  • Unique Points
    • The S&P 500 (GSPC) and Nasdaq Composite (IXIC) experienced their worst weekly losses since April.
    • US stocks fell on Friday due to a global IT outage and concerns over tech stocks.
    • An ‘unprecedented’ failure in computer systems affected various industries, including flights, banks, telecoms and media companies.
  • Accuracy
    • The S&P 500 and Nasdaq Composite experienced their worst weekly losses since April.
    • The Dow Jones Industrial Average slipped almost 1%.
    • An unprecedented failure in computer systems affected various industries, including flights, banks, telecoms and media companies.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more

CNBC News Sean Conlon Friday, 19 July 2024 16:46
  • Unique Points
    • Stocks with significant price movements identified: CrowdStrike, Plug Power, Comerica and others.
    • CNBC published an article about these stocks on July 19, 2024.
  • Accuracy
    • CrowdStrike reported a fix for the botched update that caused the IT outage.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Markets News, July 19, 2024: Stocks End Lower, Pushing S&P 500, Nasdaq to Weekly Losses Amid Tech Selloff

Investopedia Saturday, 20 July 2024 02:18
  • Unique Points
    • Dow Jones Industrial Average fell 0.9% on Friday, shed 900 points over last two sessions but managed a slight gain for the week.
    • S&P 500 and Nasdaq Composite fell 0.7% and 0.8%, respectively on Friday.
    • Technology stocks, particularly chipmakers, were major contributors to the selloff.
    • Nvidia (NVDA) and Intel (INTC) were among the big decliners among mega-cap tech stocks on Friday.
  • Accuracy
    • The S&P 500 and Nasdaq Composite fell 0.7% and 0.8%, respectively on Friday.
    • The S&P 500 lost 2% for the week, while the Nasdaq shed 3.6% over five sessions.
    • Investor expectations of Federal Reserve rate cuts have caused money to flow into small-cap stocks that benefit from a low-interest-rate environment.
    • The Russell 2000 small-cap index ended 0.6% lower on Friday but still managed a small gain for the week.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains several instances of appeals to authority and dichotomous depictions. The author mentions that 'several companies that reported earnings also had difficult days' without providing any context or evidence as to why these companies had particularly difficult days. This is an appeal to authority, as the author is relying on the reader's assumption that they are a reliable source of information about these companies. Additionally, the author states that 'expectations that the Federal Reserve could cut its benchmark interest rate in the coming months have caused investors to plow money into small-cap stocks' and 'Treasury yields have also declined recently as hopes for rate cuts have increased'. This is a dichotomous depiction, as it presents two opposing ideas (rate cuts leading to investment in small-caps vs. rising yields) without acknowledging that both can be true at the same time or providing any evidence to support their claims.
    • ][The author] mentions that 'several companies that reported earnings also had difficult days' without providing any context or evidence.[/]
    • [[]The author states that 'expectations that the Federal Reserve could cut its benchmark interest rate in the coming months have caused investors to plow money into small-cap stocks' and 'Treasury yields have also declined recently as hopes for rate cuts have increased'. This is a dichotomous depiction, as it presents two opposing ideas without acknowledging that both can be true at the same time.[
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Global IT Failure Puts Cyber Firm CrowdStrike in Spotlight

Bloomberg News Now Jordan Robertson, Saturday, 20 July 2024 02:18
  • Unique Points
    • CrowdStrike Holdings Inc. is a dominant supplier of software that protects businesses from ransomware attacks.
    • A faulty patch at CrowdStrike caused system-wide failures.
    • The failures disrupted operations of various industries including banks, global retail giants, and health-care systems.
  • Accuracy
    • CrowdStrike reported a fix for the botched update that caused the IT outage.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Outage for Microsoft Users Knocks Out Systems for Airlines and Hospitals in Chaotic Day

The Name Of The NZ Prefix. I PWA NZI.P.Was Dropped. Adam Satariano, Friday, 19 July 2024 07:31
  • Unique Points
    • A global technology outage caused by a software update issued by CrowdStrike affected various industries including airlines, health care systems, banks and businesses around the world on Friday.
    • The disruption was due to a glitch in the Microsoft Windows operating system and was not a security incident or cyberattack.
    • U.S. airlines including Allegiant Air, American, Delta, Spirit and United had grounded all flights for a time due to the outage.
    • By Friday afternoon, more than 2000 flights across the country had been canceled compared to about 900 on Thursday.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication