A potentially historic drop for Alphabet's stock drags US market lower
NEW YORK — A potentially historic drop for Alphabet’s stock is dragging the U.S. market lower Thursday after the company behind Google and YouTube reported weaker growth for the summer than analysts expected. The report underscored worries about whether all its huge investments in artificial-intelligence technology will pay off. The S&P 500 fell 0.6 percent toward its first loss in four days,…
New York — The U.S. market faced a significant decline on Thursday following Alphabet's announcement of weaker summer growth, which highlighted concerns over the returns of its substantial investments in artificial intelligence technology. The S&P 500 experienced a 0.6 percent drop, marking its first loss in four days, despite most stocks within the index and across Wall Street continuing to rise.
The Nasdaq composite suffered a steeper 1.6 percent decline, while the Dow Jones Industrial Average fell by 269 points, or 0.5 percent. Alphabet, a major influencer on the market, saw a 12.8 percent loss, putting it on track for its worst single-day performance since its 20-year trading history. The company had faced pressure to meet analysts' growth expectations, especially amid growing concerns about the extent of its AI-related spending.
Late Wednesday, Alphabet disclosed a decline in free cash flow during the latest quarter, exacerbating investors' worries.
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Also reported by 4 other outlets
- A potentially historic drop for Alphabet's stock drags US market lower koreatimes.co.kr
- 5 major single-day stock drops of 2026, from Alphabet to IBM qz.com
- Alphabet’s stock just triggered a ‘death cross.’ Could the worst of the selloff be over? marketwatch.com
- SA Asks: Is Alphabet's stock a buy after the sell-off? seekingalpha.com
