Alphabet’s stock price suffered a historic decline on the 29th, causing the US stock market to close at a lower level. The Dow Jones Industrial Average fell 132.54 points, or 0.25%, to 52,342.56.stamp 500 The index fell 23.59 points or 0.30% to 7720.39. The Nasdaq index fell 365.12 points, or 1.38%, to close at 26184.73. The Philadelphia Semiconductor Index fell 165.80 points, or 1.42%, to close at 11518.20.
The S&P 500 index ended its four-day winning streak on the 29th. The broader market closed lower despite gains in most stocks within the index and on Wall Street.
The broader market decline was mainly driven by Google’s parent company, which closed down 12.64%, its biggest one-day decline since reporting summer growth that fell short of analysts’ expectations. The financial report highlights market skepticism about whether huge investments in artificial intelligence (AI) can bring returns. US treasury bondsproduce Then he ejaculated.
