Alphabet Drop Drags Wall Street as ASX Looks to Gain and ECB's Lagarde Exits
A potentially historic plunge in Alphabet shares pulled US markets lower following weaker-than-expected growth, while the ASX is set to rise and European Central Bank chief Lagarde prepares to exit.
2 sources
A potentially historic drop in Alphabet's stock dragged the United States market lower after the technology company behind Google and YouTube reported weaker growth than analysts had expected. The decline in the tech giant's shares weighed heavily across Wall Street trading.[1][2]
Despite the sharp retreat in US equities, the ASX is set to rise. Meanwhile, European Central Bank chief Christine Lagarde is set to exit her role amid the global market developments.[1][2]
