Wall Street closes higher as tech leads rebound
U S stocks rose on Monday with the S&P 500 up 1.1 percent and the Nasdaq up 1.6 percent as Nvidia Alphabet and Tesla rallied. The Dow gained 0.3 percent while traders awaited quarterly results from Coca Cola Ford and American Airlines. Treasury yields edged higher with the 10 year at 4.26 percent amid economic and political headlines.
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Delta Struggles as Global Outage Lingers
Delta Air Lines fights a fourth day to recover from a worldwide outage caused by a faulty software update. CEO Ed Bastian says the worst is not yet behind, as crews, flights, and refunds remain disrupted. Transportation Secretary Buttigieg vows consumer protections and hotel accommodations for stranded travelers. Delta canceled over 5,500 flights since Friday, with United and other majors also reporting cancellations and partial recoveries.
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CrowdStrike CEO urged to testify on global outage
U.S. House leaders demand CrowdStrike chief George Kurtz testify about the software glitch that grounded flights and disrupted banks hospitals and other services. Republicans call for details on how the incident happened and mitigation steps while regulators consider action.
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Largest Los Angeles court shuts down amid ransomware attack
The Superior Court of Los Angeles County, the nation's largest unified trial court, closed all 36 courthouses after a Friday cyber attack. Officials say networks were shut to contain damage with no evidence of data compromise, and operations are expected to resume soon.
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