Microsoft Outage: CrowdStrike stock in focus in today’s Wall Street trade

Microsoft IT outage is linked to a major cyber security firm CrowdStrike. As a result, the share price of Microsoft and CrowdStrike are trending lower in the market today. CrowdStrike is down 11% following the major outage, affecting businesses worldwide while Microsoft is down by 1% after reporting issues affecting its Azure cloud services and Microsoft 365 suite of apps.

In pre-market trade today, CrowdStrike was quoting lower by 18.67% while Microsoft was down 2.5%.