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Why Alphabet Stock Was Sliding Today

TheMotleyFool

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Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were sliding today as several news items put pressure on the tech giant, though there was no specific news about the company.

The stock was down 4% as of 10:58 a.m. ET on Thursday, while the Nasdaq had lost 2.7%.

Market sentiment was shifting back to bearishness today after both the Bank of England and European Central Bank raised interest rates by 50 basis points, following a similar move by the Federal Reserve yesterday.

Source Fool.com

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