The Latest Breaking News from Alphabet

MIT professor behind influential letter says unchecked development is allowing a few AI firms to jeopardise society’s future

It wasn’t a good day for the markets Wednesday, with the S&P 500 down 1.4% and a 2.4% decline for the Nasdaq. Despite today’s doom and gloom, there were three stocks with interesting moves to the upside.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.47%. Stocks on Wednesday retreated, with the S&P 500...

Microsoft's market value soared while Alphabet's tumbled after earnings on Tuesday told different stories about their cloud businesses and potential AI might.

Alphabet released mixed earnings yesterday to disappointed investors. GOOG and GOOGL stock have both taken hits. But the huge volume today in its calls signals some think it is overdone.

The lesson from Microsoft's strong AI-fueled quarterly financial results is likely to push other companies to charge ahead on AI products, for better or for worse.

For the most part, rising interest rates are negative for high-valued technology stocks. Higher interest rates make the present value of company future cash flows less valuable, and most technology companies are valued on the basis that a large chunk of their profits will come many years in the future....

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.89%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.35%. Stocks this morning are moderately lower as some disappointing...

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.28%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.53%. Stock index futures this morning are moderately lower on some disappointing technology earnings results. Alphabet is down more than -6% in pre-market trading after reporting weaker-than-expected...

The Dow Jones dropped Wednesday ahead of Fed Chair Powell's afternoon speech. Alphabet dived on earnings, while Meta results are next.

December Nasdaq 100 E-Mini futures (NQZ23) are trending down -0.61% this morning as disappointing results from Alphabet’s cloud business overshadowed upbeat earnings results from Microsoft while investors looked ahead to the next round of corporate earnings.