Potentially historic drop for Alphabet's stock drags US market lower

The Korea Times - Oct 30, 2026

NEW YORK — A potentially historic drop for Alphabet’s stock is dragging the U.S. market lower Thursday after the company behind Google and YouTube reported weaker growth for the summer than analysts expected. The report underscored worries about whether all its huge investments in artificial-intelligence technology will pay off. The S&P 500 fell 0.6 percent toward its first loss in four days, even though the majority of stocks within the index and across Wall Street were rising. The Nasdaq composite tumbled 1.6 percent, while the Dow Jones Industrial Average fell 269 points, or 0.5 percent. Alphabet is one of the most influential stocks on Wall Street because it’s one of the largest, and its loss of 12.8 percent had it heading toward its worst day since it began trading more than 20 years ago. The tech giant had been under pressure to at least meet analysts’ expectations for growth amid concerns about how much it’s spending to invest in AI. Alphabet said late Wednesday that it burned through more cash during the latest quarter, according to a measure called free cash flow, aft

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