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