Stock Market Today: Nasdaq Sinks 350 Points; Google Stock's Tumble in Focus

Live updates

1. 1h ago

   Nasdaq Sinks 350 Points as Alphabet Shares Plunge

   The tech-heavy Nasdaq dropped between 350 and 365 points following a sharp post-earnings sell-off in Google parent Alphabet. Alphabet shares plunged between 10 percent and 13 percent in premarket and early trading after the company reported a quarterly revenue miss. The sharp decline erased hundreds of billions of dollars in market value, reviving broader investor fears surrounding the heavy costs of artificial intelligence spending and intense competitive pressures across the sector.

   Why it matters

   Alphabet reported its third-quarter earnings after the bell, revealing a revenue miss that overshadowed positive figures in its cloud business. The resulting market reaction dragged down stock futures and triggered one of the largest single-day market value losses in the company history. Analysts flagged search slowdowns and margin pressure as core concerns for investors weighing the heavy financial bills of artificial intelligence.

   What is confirmed

   • The Nasdaq fell between 350 and 365 points following a steep drop in Alphabet shares.
   • Alphabet stock plunged between 10 percent and 13 percent following its third-quarter earnings report.
   • Alphabet missed Wall Street revenue expectations in the third quarter.
   • The sell-off erased nearly $500 billion to over $600 billion in market value for Alphabet.

   Still unconfirmed

   • Alphabet shares are on track for their biggest ever post-earnings drop and largest single-day loss in history.

   What to watch next

   • Further market reactions to Alphabet's third-quarter earnings and cloud performance
   • Analyst updates on artificial intelligence spending and search deceleration risks
   Sources used for this update (17)

   1. www.marketbeat.com — GOOGL News Today | Why did Alphabet stock go up today?
   2. CNBC — Alphabet set to report Q3 earnings after the bell as shaky AI trade looks for signs of strength
   3. CNBC — Alphabet falls 10% in premarket, putting it on course for its biggest ever post-earnings drop
   4. WSJ — Stock Market Today: Nasdaq Futures Slump After Google Earnings Disappoint — Live Updates
   5. Bloomberg — US Stock Futures Fall as Alphabet Sales Miss Revives AI Fears
   6. The New York Times — Microsoft Up, Google Down. A Tale of Two Hyperscalers.
   7. Yahoo Finance — GOOG Stock On Track To Erase Over $600B In Market Value In A Month — Analysts Flag Search Slowdown, Margin Pressure
   8. NBC News — Google-parent Alphabet’s stock price plunges, erasing more than $500 billion in value
   9. Yahoo Finance — Alphabet Crushed Cloud Expectations, But the AI Bills Are Coming Due
   10. Forbes — Alphabet Loses Almost $500 Billion In Market Value, Marking Second-Largest Single-Day Drop
   11. Yahoo Finance — Alphabet heads for a $500 billion drop in market value, the biggest in its history
   12. Financial Times — Google is eating itself — but it could still eat everyone else too
   confidence 95%