Alphabet tumbles 12.6% as megacaps split on Oct. 29

Alphabet led a mixed session with a sharp 12.6% drop, while Amazon and AMD also fell; Visa, Meta and Apple posted modest gains.

CompanyClosePrev CloseChange% Change
GOOGL · Alphabet Inc.$283.82$324.89-41.07-12.64%
AMZN · Amazon.com, Inc.$243.79$254.60-10.81-4.25%
V · Visa Inc.$410.54$400.60+9.94+2.48%
AMD · Advanced Micro Devices, Inc.$566.42$578.44-12.02-2.08%
META · Meta Platforms, Inc.$624.52$612.49+12.03+1.96%
AAPL · Apple Inc.$348.91$343.83+5.08+1.48%
JPM · JPMorgan Chase & Co.$343.58$339.30+4.28+1.26%
UNH · UnitedHealth Group Incorporated$410.91$407.10+3.81+0.94%
SPCX · SpaceX$143.89$145.23-1.34-0.92%
NVDA · NVIDIA Corporation$213.66$215.38-1.72-0.80%
TSLA · Tesla, Inc.$403.30$404.22-0.92-0.23%
MSFT · Microsoft Corporation$530.14$531.01-0.87-0.16%

Wednesday’s session was dominated by a sharp decline in Alphabet Inc. (GOOGL), which fell 12.6% to close at $283.82 from a prior close of $324.89 — by far the largest move on the watchlist. Amazon.com, Inc. (AMZN) also declined notably, down 4.2% to $243.79, and Advanced Micro Devices, Inc. (AMD) slipped 2.1% to $566.42.

Elsewhere, moves were more contained. Visa Inc. (V) was the session’s top gainer, up 2.5% to $410.54, followed by Meta Platforms, Inc. (META), up 2% to $624.52, and Apple Inc. (AAPL), up 1.5% to $348.91. JPMorgan Chase & Co. (JPM) and UnitedHealth Group Incorporated (UNH) each posted smaller gains, rising 1.3% to $343.58 and 0.9% to $410.91, respectively.

The rest of the watchlist was little changed. SpaceX (SPCX) eased 0.9% to $143.89, NVIDIA Corporation (NVDA) dipped 0.8% to $213.66, and both Tesla, Inc. (TSLA) and Microsoft Corporation (MSFT) finished down 0.2%, closing at $403.30 and $530.14 respectively.

Notable movers

Alphabet Inc. (GOOGL) fell sharply, losing 12.6% to close at $283.82 versus a prior close of $324.89, the largest move on the watchlist by a wide margin.

Amazon.com, Inc. (AMZN) declined 4.2% to $243.79, the second-largest move of the session.

Visa Inc. (V) led gainers, rising 2.5% to $410.54 from a prior close of $400.60.

Advanced Micro Devices, Inc. (AMD) slipped 2.1% to $566.42, down from $578.44 the prior close.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.