Why Alphabet Stock Gave Up 13% in March

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were sliding last month, falling in line with the broader market on worries about the expanding coronavirus outbreak.

There was no major news about the search giant during the month, but the strength of Alphabet's advertising business is highly correlated with the overall economy. With the massive economic shock caused by the COVID-19 pandemic, investors assumed Alphabet was losing business.

Image source: Alphabet.

Source Fool.com