Adviser Investments Earnings Update: Google Parent Alphabet Stock Falls

Alphabet Drops on Declining Ad Prices, Rising Costs

Todd Peters, senior vice president at Adviser Investments, has the market analysis for Monday, February 4. The Dow Jones Industrial Average and S&P 500 each gained 0.7% and the NASDAQ rose 1.2%. Meanwhile, Google parent Alphabet reported that quarterly revenue surged more than 21% to reach nearly $440 billion. Despite that sales growth, Alphabet’s stock fell 3% in after-hours trading as a result of rising capital expenditures and traffic acquisition costs.

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