Stock Market Today, June 3: Alphabet Falls After $84.75 Billion AI Infrastructure Equity Raise
2026-06-03 17:07:41 ET
Alphabet (NASDAQ:GOOGL) , internet services including search, ads, and cloud computing, closed Wednesday at $358.68, down 0.76%. The stock was priced lower as investors reacted to dilution from Alphabet’s record-sized equity offering and are watching how efficiently new AI and cloud investments translate into growth and returns.
Alphabet went public in 2004 and has grown 14202% since going its IPO.
The S&P 500 (SNPINDEX:^GSPC) slipped 0.74% to finish Wednesday at 7,553.68, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.89% to close at 26,854. Within the internet content & information group, Meta Platforms (NASDAQ:META) closed at $622.98, up 4.24%, while Microsoft (NASDAQ:MSFT) finished at $427.34, down 3.17%, underscoring mixed sentiment across major platform peers.
NASDAQ: MSFT
MSFT Trading
-2.17% G/L:
$419.355 Last:
13,633,413 Volume:
$428.34 Open:
