Nasdaq and S&P 500 Halt Three-Day Advance Amid Alphabet Drop and Inflation Fears
Yahoo Finance ·
On Thursday, October 29, 2026, at 4:32 PM EDT, both the Nasdaq Composite and the S&P 500 brought their three-day winning streaks to an end, succumbing to downward pressure. According to market data updates, a heavy sell-off in Alphabet shares, combined with lingering anxieties regarding inflation, acted as the primary catalysts for the market pullback. During the session, Alphabet (GOOG) plummeted by 12.29%, dragging the Nasdaq (^IXIC) down by 1.38%. Additionally, the S&P 500 (^GSPC) slipped 0.30%, while the Dow Jones Industrial Average (^DJI) edged lower by 0.25%, concluding the trading day with broad-based losses across major indices.
AI 시장 분석
The Nasdaq and S&P 500 ended a three-day winning streak and declined, driven by a 12.29% slump in Alphabet and lingering inflation concerns. The Nasdaq fell 1.38%, the S&P 500 dropped 0.30%, and the Dow Jones slipped 0.25%, highlighting a tech-focused sell-off. This correction is the result of both valuation pressures and earnings concerns in mega-cap tech stocks, alongside macroeconomic inflation anxiety. Investors should adjust their tech allocations and closely monitor macroeconomic indicators.
하락 영향
- AI — The 12.29% plunge in bellwether Alphabet worsened investor sentiment across related technologies and the AI sector as a whole, intensifying selling pressure.
- Stock Market — Major indices such as the Nasdaq (-1.38%) and S&P 500 (-0.30%) turned downward due to inflation concerns and the spread of mega-cap tech sell-offs.
DYAX 전담 분석
The sharp drop of over 12% in mega-cap tech stock Alphabet severely dampened investor sentiment across the entire technology sector, directly driving the Nasdaq's 1.38% decline. At the same time, spreading inflation concerns increased the market-wide risk premium, putting downward pressure on major indices including the S&P 500 and the Dow Jones.
Looking ahead, if inflation indicators stabilize, a scenario exists where dip-buying flows into tech stocks, leading to a rebound. On the other hand, if upward price pressures persist and additional earnings concerns for mega-cap tech stocks emerge, the index could enter a deeper correction phase, making it essential to watch Treasury yields and Consumer Price Index (CPI) trends.
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