Alphabet GOOG Declines with Tech Sell-Off Amid Fed Chair Nomination Concerns

GOOG shares closed down -1.22% at $340.70, tracking the broader Nasdaq decline as investors reacted negatively to the nomination of Kevin Warsh for Federal Reserve Chair, signaling a potential hawkish policy shift.

• The broader U.S. equities market fell as investors reassessed the sustainability of the recent tech rally.
• Volatility was exacerbated by pressure on the AI sector due to a stalled Nvidia-OpenAI deal and a partial government shutdown.
• GOOG traded higher in after-hours, reaching $342.50 (+0.53%) amid mild futures optimism.