Stock Market Today: Live Updates

CrowdStrike continued to pressure the S&P 500 on Monday after last week’s software update caused a global IT outage.

The software stock fell nearly 11% in morning trading, making it the worst performer in the broad index. As a whole, the S&P 500 rose nearly 1% in the session.

CrowdStrike’s decline follows Friday’s more than 11% drop, when investors sold their shares en masse due to the outage.

—Alex Harring

Check out the companies that made news before the bell:

• CrowdStrike — The cybersecurity stock fell 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage.
• Nvidia — Shares rose 2% after Reuters, citing sources familiar with the matter, reported that Nvidia is preparing a version of its new Blackwell chips for the Chinese market. They would be compatible with current U.S. export controls, the report said.
• Bank of America — The bank’s stock fell more than 1% in premarket trading after a filing revealed that Warren Buffett’s Berkshire Hathaway sold 33.9 million Bank of America shares last week for nearly $1.5 billion. Berkshire remains Bank of America’s largest shareholder with a 10.8% stake after the sale. Berkshire may be taking some profits after the bank’s stock has risen 27.4% so far this year.

Read the full list here.

—Sarah Min

Nvidia shares rose nearly 2% in premarket after Reuters, citing sources, reported that the company was working on a version of its AI chips for the Chinese market. Additionally, several analysts raised their price targets for the stock, predicting more upside to come.

While the stock has risen as much as 138% so far this year, it fell 8.8% last week amid a violent market rotation from big tech companies to smaller names.

A regulatory filing shows Berkshire Hathaway sold about $1.48 billion worth of Bank of America stock, sending the bank’s shares down more than 1% in the premarket.

In total, Berkshire sold 33.9 million BofA shares at an average price of $43.56 per share, representing a 3.3% reduction in its stake. Despite the sale, Bank of America remains Berkshire’s second-largest position.

—Fred Imbert

US gold futures rose 0.5% to $2,411.10 on Sunday, after falling more than 2% on Friday.

Spot gold rose 0.4% to $2,409.37.

Meanwhile, the US dollar index fell 0.1%.

— Hakyung Kim

US stock futures rose slightly on Sunday evening.

Futures linked to the S&P 500 rose 0.1%. Dow Jones Industrial Average and Nasdaq 100 futures both rose about 0.1%.

— Hakyung Kim