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Benzinga

Business

Henry Khederian

Why Alphabet Shares Are Diving Today

Alphabet Alphabet Inc

Alphabet Inc Class A (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading lower by 3.81% at $2,123.64. Stocks have been highly volatile following the Federal Reserve’s recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Alphabet Class A is also trading lower by 17.31% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.

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