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via finance.yahoo.comMarkets

Alphabet loses $482 billion in market cap in one day and drags the Nasdaq lower

FROM THE WIRE · FINANCE.YAHOO.COM

Tayfun Coskun/Anadolu Agency via Getty Images In its worst day of trading ever, shares of Alphabet (NASDAQ:GOOG), the parent company of Google, took a 12% dive on Thursday, erasing about half a trillion dollars in value and dragging the Nasdaq down with it. The exchange closed…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA 12% drop in Google's parent wiped out about half a trillion dollars and weighed on the Nasdaq, with spillover to tech and index exposure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet shares fell 12% on Thursday in their worst trading day ever.
  2. 02The Nasdaq closed down 365 points, or about 1.4%.
  3. 03Shares kept falling on Friday morning.
  4. 04According to the Financial Times, it is the second-biggest one-day market value drop ever on Wall Street, after Nvidia.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGStock279.05 USD-0.78%today -1.16%Negative Alphabet Inc.GOOGLStock280.62 USD-0.70%today -1.13%Negative NASDAQ CompositeINDEX:IXICIndex25,488.97-0.12%today -2.66%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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