Stock Market Update
20-Aug-26 14:05 ET
CrowdStrike moves lower on CTO departure
Dow -580.85
at 52882.20,
Nasdaq -260.22
at 26091.90,
S&P -48.75
at 7659.23
[BRIEFING.COM] Not much has changed for the stock market so far this afternoon, with the S&P 500 (-0.6%), Nasdaq Composite (-0.9%), and DJIA (-1.0%) steadily charting session lows.
Unlike yesterday's session, the information technology sector (-0.2%) is not the main culprit in today's weakness. However, CrowdStrike (CRWD 191.88, -9.75, -4.84%) is one of the worst-performing S&P 500 components following news that its CTO Elia Zaitse is departing the company to launch an AI-focused cyber venture fund, according to Axios.
