Stocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.

U.S. stock index futures slid on Wednesday, with those tracking the Nasdaq 100 dropping over 1% as investors sold off megacap tech and chip shares and piled into lagging areas of the market such as small-cap stocks.

Shares have retreated in Europe and Asia after a broad washout across Wall Street dragged U.S. stocks lower BANGKOK — Shares retreated in Europe and Asia on Friday after a broad washout across Wall Street dragged U.

The global IT tech outage comes amid an ongoing sell-off in the Nasdaq 100, which is down 3% so far this week.

There is an old saying about investing: time in the market trumps timing the market. It means better returns typically result from buying and holding stocks for the long term, rather than trying to guess where the market might be headed next and adjusting one’s portfolio accordingly.

Wall Street is mostly quiet on Friday, and U.S. stocks are holding relatively steady, even if businesses around the world are scrambling to contain the effects of a disruptive technology outage. The S&P 500 was virtually unchanged in morning trading,

Fed funds futures are now leaning toward three interest-rate cuts in 2024. Is that too many? Apollo's Torsten Slok believes the answer is yes. In emailed commentary shared with MarketWatch early Thursday,

Wall Street was mixed in premarket Friday after a widespread technology outage disrupted travel and other services, but not trading. Futures for the S&P 500 were up early but retreated and were flat before the bell.