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Barchart
Barchart
Will Ashworth

3 Interesting Upside Moves Wednesday on a Big Down Day

Nasdaq Horizon Alphabet

The S&P 500 finished Wednesday trading down 1.4%, and the Nasdaq was off by 2.4%. Investors were particularly concerned about Alphabet’s (GOOG) lower-than-expected cloud profits. Its stock fell by nearly 10% on the day. 

As a result of Alphabet’s mixed results from its latest quarter, 39 NYSE stocks were hitting five-year lows, compared to just three hitting five-year highs. On the Nasdaq, the ratio of lows to highs was 142 to 3. In other words, there isn’t a lot of good news to report from the day's trading. 

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