Google's 13% Plunge Helps Shave $410B Off US Stocks at the Open
US stocks shed roughly $410 billion in value right at the opening bell, with Google cratering 13%, according to @macropaperr on X. The same morning, US PCE climbed to a four-month high, handing traders two jolts at once.
The opening bell turned into a bloodbath. Around $410 billion in US stock market value disappeared at the open, according to @macropaperr on X. Google was the loudest casualty, cratering 13%.
The pain wasn't confined to the stock tape. US PCE, the inflation reading the Federal Reserve watches most closely, jumped to a four-month high the same morning, per the post. Two shocks, one open.
A 13% single-session drop is a rare sight for a company Google's size, and it landed on a market already on edge. The PCE jump shoves price pressure right back to the top of the conversation.
For now the scoreboard is blunt: hundreds of billions gone, a tech heavyweight down double digits, and an inflation gauge sitting at a four-month peak. Traders spent the open reacting, not coasting.
The question hanging over the session is whether that PCE print reads as one ugly data point or the start of something longer — and whether Google finds its footing after the bell.
TopicsGoogle · Alphabet · US PCE · @macropaperr · X · Federal Reserve
Source: x.com
Written by Paparazzi with AI. Not financial advice.