Stock market today: Dow, S&P 500, Nasdaq fall as Alphabet stock sell-off drags on tech, AI jitters return - Yahoo Finance — SkimNews
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- Nasdaq opened sharply lower after Google earnings disappointed, while the Dow and S&P 500 also fell as Alphabet’s selloff dragged on tech and AI jitters returned.
- Alphabet headed for a $400 billion drop in market value, the biggest in its history.
Why it matters: Alphabet is heading toward a $400 billion market-value drop, the largest in its history, while its post-earnings selloff pulled the Dow, S&P 500 and Nasdaq lower. The related Microsoft-versus-Google earnings comparison adds a distinct wrinkle: Microsoft was not being crushed in the same way, showing that the market reaction was concentrated in Alphabet.
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