GOOG is trading at $330.18 (-3.09%) as tech stocks face pressure from hawkish Fed expectations and weak ADP jobs data.
- The Nasdaq Composite fell 2.14% amid profit-taking and a disappointing ADP report showing only 22,000 jobs added in January.
- Alphabet reports Q4 earnings after the bell today, with consensus estimates at $111.4B in revenue and $3.09 EPS.
- The decline reflects a broader risk-off sentiment in the AI and tech sectors rather than company-specific catalysts.