Alphabet Shares on Track for Worst Day Since 2008 - News Summed Up

Alphabet Shares on Track for Worst Day Since 2008


Investors sent shares of Google parent Alphabet Inc. falling toward their worst day in 10 years, punishing the stock after its quarterly results signaled growth is slowing at the search-engine giant. The shares fell as much as 8.6% shortly after the opening bell, a drop that would mark the stock’s worst day since December 2008. The decline erased a sizable chunk of Alphabet’s 2019 advance, putting the stock up 14% for the year, compared with the S&P 500’s 17% year-to-date rally.


Source: Wall Street Journal April 30, 2019 14:24 UTC



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