Microsoft and CrowdStrike shares declined following global technical disruption and chaos hitting multiple sectors

Shares of Microsoft and CrowdStrike fell in pre-market trading in the United States after a global IT outage hit companies and industries around the world.

Microsoft shares fell 3.24% in US pre-market trading, while CrowdStrike shares fell 19.28%. In Europe, stock markets were in the red as corporate news and information terminals were also affected by technology outages.

“Because we don’t know the full details, it’s too early for investors to determine the financial or news impact on these companies,” said Dan Coatsworth, investment analyst at AJ Bell. Futures prices point to a slight decline when Wall Street opens later today, but so far investors have not shown any panic, according to Euronews. “Whether that is the case as the day goes on is another matter,” Coatsworth also said.

While Grzegorz Drozdz, a market analyst at Invest Conotoxia, said: It seems that we are facing a real global outage for the first time, adding, “The incident made us realize how dependent we are on a single technology company and how serious the consequences of the failure of such an entity are on this scale.”

In what Nassim Taleb described as a “black swan,” because the disruption affected not only individual users, but especially large institutions such as banks (including central banks), stock markets and airports, paralyzing operations during the peak holiday season and causing Chaos in many other sectors.