Google stock is losing a market capitalization the size of Nike in one of the five worst declines in Wall Street history

Google stock is losing a market capitalization the size of Nike in one of the five worst declines in Wall Street history

Published: October 25, 2023 at 16:58 ET Alphabet Inc.’s Wednesday stock sell-off. caused the fifth-largest one-day decline in market value of any U.S. company in history. Alphabets GOOG GOOGL shares fell 9.5% on Wednesday’s action, according to Dow Jones Market Data, wiping $166.64 billion in market value from Google’s parent company. The decline in market …

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The stock market may ignore this “bad news” as gains begin

The stock market may ignore this "bad news" as gains begin

Published: October 23, 2023 at 14:32 ET BlackRock strategists aren’t holding their breath for U.S. companies to finally turn positive in the third quarter. While many investors had hoped that the S&P 500 SPX would finally break its streak of negative quarters and post slightly positive earnings growth in the third quarter, a team of …

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