Kim Kahn

A spokesperson told Seeking Alpha the company saw an unusual spike in traffic to one of its services around 1120 UTC, causing elevated errors across parts of its network.

That cause of the spike is still unknown.

Looking to the markets amid the recent risk-off move in stocks, traders are watching a key level on the benchmark index.

On Monday, the S&P 500 ended below its 50-day moving average.

It was the first time the S&P closed below that momentum indicator in 139 sessions, the longest such streak since 2007, and the second longest run of this century.

The S&P is currently trading around 6,600 in the red for the day, with a 50-day moving average at around 6,708.

But Blue Kurdic Market Insights points out that after long streaks above the 50-day, brief breaks tend to resolve quickly.

On average, it takes just eight days to reclaim the level, with an average max drawdown of just 1%.

Among active stocks, no singing in the rain for Home Depot.

CEO Ted Decker said the company's results missed expectations primarily due to the lack of storms in the quarter, which resulted in greater-than-expected pressure in certain categories.

Comparable sales rose 0.2%, missing the consensus expectation for an increase of 1.4%.

EPS of 374 missed by 9 cents.

But looking ahead, Home Depot expects total sales to increase 3% for the year versus prior expectation for a rise of 2.8%.

In healthcare, Roche unit Genentech announced breast cancer drug Girodestrant reached the main goal in a Phase 3 trial, boosting shares of Alema Pharmaceuticals, which is advancing a similar treatment.

And Medtronic is up after it raised full-year outlook following fiscal Q2 numbers that exceeded street forecasts, driven mainly by its cardiovascular division.

In other news of note, Alphabet CEO Sundar Pichai sounded cautiously optimistic about AI, echoing other hyperscaler predictions and indeed Alan Greenspan.

In an interview with the BBC, he said the boom in investment has been extraordinary, but there is some irrationality.

We can look back at the internet right now.

There was clearly a lot of excess investment, but none of us would question whether the internet was profound, he said.

I expect AI to be the same, so I think it's both rational and there are elements of irrationality through a moment like this.