VICR - Dow Falls Over 100 Points; Alphabet Shares Tumble After Q3 Results | Benzinga
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 100 points on Wednesday.
The Dow traded down 0.35% to 33,025.71 while the NASDAQ fell 2.45% to 12,817.76. The S&P 500 also fell, dropping, 1.48% to 4,184.98.
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Leading and Lagging Sectors
Consumer staples shares rose by 0.3% on Wednesday.
In trading on Wednesday, communication services shares dipped by 5.9%.
Top Headline
Alphabet Inc (NASDAQ: GOOGL) shares fell around 10% on Wednesday on the heels of the company's third-quarter financial results.
Alphabet said revenue increased 11% year-over-year to $76.69 billion, which beat the consensus estimate of $75.94 billion. The company reported quarterly earnings of $1.55 per share, which also beat analyst estimates. However, the company recorded downbeat performance for its cloud computing unit.
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