The software update that hobbled large swaths of the world Friday also sent a shock wave through the global business and financial systems, reminiscent of the sudden early pandemic closures.
However, little lasting economic carnage is expected to linger from the outage that halted business at banks, hospitals, airlines, government agencies and small businesses that depend on Microsoft.
Many companies are expected to report financial losses from the event, but it’s too early to tell what the final tally will be. Stocks fell Friday, with all three major indexes slipping by nearly 1 percent. Shares of CrowdStrike, the cybersecurity firm at the middle of the meltdown, took a particularly big hit, falling by more than 11 percent and shaving off billions of dollars from the company’s value.
Yet experts said the incident isn’t likely to have obvious economic ripples, at least not yet —…
