Alphabet Drops 8% on Revenue Miss

Alphabet Drops 8% on Revenue Miss

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Monday April 29. All major U.S. indexes advanced: The Dow Jones Industrial Average saw fractional gains; the S&P 500 and NASDAQ Composite rose 0.7% and 0.2%, respectively—once again nudging both the S&P and NASDAQ to record highs. Meanwhile, Google parent Alphabet reported disappointing earnings and fell 8% in after-hours trading. Alphabet’s first-quarter revenue grew at 17%, versus 28% reported in the first quarter of 2018.

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