Alphabet Shares Slip as Nasdaq Composite Falls 1.3% and S&P Drops 0.4%
Alphabet shares slipped on Monday as the Nasdaq composite fell 1.3% and the S&P 500 dropped 0.4% to 7,472.79, 1.8% below its record high. A roughly 3% decline in oil prices after US-Iran negotiations and rising Treasury yields added pressure to technology stocks.
1. Market Index Performance
On Monday, the S&P 500 fell by 27.79 points (0.4%) to 7,472.79—1.8% below its early-June record high—while the Dow Jones Industrial Average rose 148.01 points (0.3%) to 51,712.71 and the Nasdaq composite declined 351.33 points (1.3%) to 26,166.60.
2. Alphabet's Decline and Market Drivers
Shares of Alphabet contributed to the Nasdaq slump, as a roughly 3% drop in oil prices following US-Iran negotiations and rising Treasury yields further weighed on technology stocks and broader market sentiment.
