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Rich Asplund

INSANE: Stocks close lower as alphabet disappoints and chip stocks fall | Vintage Vibes

Stock Market Alphabet S&P Nasdaq United States Microsoft NQZ26 Amazon ECB US Federal Reserve

The S&P 500 Index ($SPX) (SPY) fell -0.30%, the Dow Jones Industrial Average ($DOWI) (DIA) fell -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -1.38%. December E-mini S&P futures (ESZ26) fell -0.87%, and December E-mini Nasdaq futures (NQZ26) fell -2.67%.

US stocks traded lower on Thursday as Alphabet slumped more than -13% on disappointing sales in its earnings report released Wednesday afternoon. Also, Samsung (005930) slid nearly -4% in South Korean trading on disappointment about its quarterly earnings report, which was negative for US chip stocks since Samsung is one of the world’s largest chipmakers. In another disappointment, Caterpillar fell more than -9% after disappointing Q4 sales guidance.

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