Alphabet plunge drags down Wall Street
Wall Street faces pressure from a major decline in Alphabet shares following weaker-than-expected growth, while the ASX is positioned to climb and ECB chief Christine Lagarde prepares to exit.
2 sources
A potentially historic decline in Alphabet's stock price dragged United States markets lower after the parent company of Google and YouTube released financial results revealing weaker growth than analysts had anticipated.[1][2]
The slump in US equities unfolded as the Australian sharemarket was poised to rise, while European Central Bank chief Christine Lagarde is set to exit her post amid broader global market developments.[1][2]
