🚨 🇺🇸 Alphabet sinks 13% at the US open and drags the Nasdaq lower, while Treasuries rally on haven demand

🚨 🇺🇸 Alphabet sinks 13% at the US open and drags the Nasdaq lower, while Treasuries rally on haven demand

• 🇺🇸 Alphabet shares fell about 13% in early trade, on course to wipe roughly $489bn off its market value, after results that missed on profit (newswires, 13:30 to 13:36 GMT, 17:30 to 17:36 Dubai)
• 🇺🇸 Other heavy early fallers: ServiceNow down 22%, its biggest intraday drop since 2016, Fortinet down 27%, and Caterpillar down 12% and now 40% below its June record; Eli Lilly hit a record high on a raised outlook

FO view: Today's slide is about earnings, with Alphabet's profit miss and the software sell-off weighing on the AI-linked tech names rather than a fresh macro shock.

29 Oct 2026, 17:40 GST | 13:40 UK (GMT)

Not investment advice.