00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wall Street stocks diverged Thursday as Alphabet plunged 11.8% following disappointing third
00:09quarter earnings, dragging the Nasdaq 100 lower while small cap stocks rallied, according to
00:14Benzinga. Alphabet reported earnings of $2.12 per share, missing the $3.02 consensus, as capital
00:23spending more than doubled to $51.4 billion. Alphabet lost about $470 billion in market value
00:31by midday, even as Google Cloud revenue surged 103% to $30.7 billion. The Nasdaq 100 fell
00:401%, while the Russell 2000 gained 1.2%. The S&P 500 and Dow Jones Industrial Average each
00:47slipped 0.2%. Healthcare stocks led gains, while technology and communication services
00:53declined. ServiceNow plunged 25.6%, while ADT surged 33.5% following a take-private agreement.
01:03For all things money, visit Benzinga.com.
Comments