News Formal

Google's stock sheds market cap the size of Nike in one of Wall Street's five worst drops ever

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Alphabet’s stock suffers worst daily selloff in more than three years

The selloff in Alphabet Inc. shares Wednesday resulted in the fifth-largest one-day decline in market value for any U.S. company on record.

The company’s daily drop in valuation is more than the entire market capitalizations of each of Nike Inc. NKE, -1.56%, Advanced Micro Devices Inc. AMD, -5.52% and Walt Disney Co. DIS, -2.39%

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Wall Street Rises after Corporate Profits Top Forecasts and Oil Prices Sink MoreStock Market Today: Wall Street Rises after Corporate Profits Top Forecasts and Oil Prices Sink More
Source: NEWSMAX - 🏆 16. / 71 Read more »

Wall Street Bets Broadcom May Extend Stock Election Deadline for VMware Holders in MergerThe companies plan to close on the transaction on Oct. 30. Investors appear to be betting that closing will be delayed.
Source: MarketWatch - 🏆 3. / 97 Read more »

RTX stock rallies after adjusted earnings beat Wall Street estimateSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »