
Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading lower Thursday and have fallen nearly 6% over the last week.
Mega-cap tech stocks have been under pressure since the Federal Reserve raised rates by 50 basis points last Wednesday, its first rate hike of at least half a percentage point in more than 20 years. Stocks surged following the announcement, but pulled back significantly the following day.