Google parent shares decline as much as 8.6% as investors react to sluggish earnings report
Investors sent shares of Alphabet Inc. falling toward their worst day in 10 years Tuesday, punishing the Google parent’s stock after its quarterly results signaled growth is slowing at the search-engine giant.
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.
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