Google Shares Drop $18 to $100 as Fed Rate-Cut Odds Exceed 50%
Google shares fell approximately $18 to close near $100 on Friday, underperforming as the Nasdaq dipped under 0.25%. January consumer prices rose less than expected, lifting odds of a June Federal Reserve rate cut above 50% and intensifying volatility in AI-focused tech names.
1. Google Share Performance
Google shares declined by about $18 to settle near $100 on Friday, marking one of the steeper one-day moves among large-cap tech names. The drop reflected investor caution around AI spending and broader market jitters.
2. Inflation Data and Fed Expectations
U.S. consumer prices in January rose less than forecast, cooling inflation pressures. The softer reading pushed market-implied odds of a June rate cut by the Federal Reserve above 50%, reshaping bond and equity positioning.
3. Broader Tech Sector Movements
The S&P 500 and Dow inched up fractionally while the Nasdaq fell nearly 0.25%, its largest daily decline in recent weeks. Nvidia and Apple led losses of over 2%, whereas Applied Materials jumped more than 8% and Arista Networks gained nearly 5% on upbeat forecasts.