What's moving markets today
By CNN Business6:28 p.m. ET, March 14, 2019
Facebook's stock flails after major 14-hour outage
From CNN Business' Jordan Valinsky
- Facebook's (FB) stock fell nearly 2% in trading following a massive outage.
- New: The company apologized for the outage and blamed it on a "server configuration change." Read the full statement here.
- Some users weren't able to access Facebook and other platforms owned by the company, including Instagram, Messenger and WhatsApp for at least 14 hours.
- It's believed to be the social network's biggest-ever interruption.
- The disruption is likely to upset advertisers that spend large amounts of money to reach potential customers on Facebook platforms.
China data disappoints
From CNN Business' Rishi Iyengar
- US stock futures are edging lower.
- Major Asian markets like Hong Kong's Hang Seng index and Japan's Nikkei were flat on Thursday.
- European markets posted modest gains.Â
Chinese stocks fell today after more data suggested its economy got off to a rocky start this year:
- The Shanghai Composite closed down 1.2% after official statistics showed that China's huge industrial sector had its weakest rate of growth in 17 years.