1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Alphabet Inc.
  6. News
  7. Summary
    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
Delayed Nasdaq  -  04:00 2022-08-05 pm EDT
117.47 USD   -0.61%
08/05WALL STREET STOCK EXCHANGE : Another case of good news is bad news
MS
08/05Wall Street set to fall as solid jobs data fuels rate hike worries
RE
08/05Nigeria asks Google to block banned groups from YouTube
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Futures edge lower as Fed hawks push for faster rate hikes

06/29/2022 | 07:57am EDT
Traders work on the floor of the NYSE in New York

(Reuters) - U.S. stock index futures dipped on Wednesday after several Federal Reserve policymakers made the case for faster interest rate hikes to bring down high inflation.

Investors are now awaiting more data to determine whether the U.S. economy can withstand hefty rate hikes. Data on Tuesday showed U.S. consumer confidence dropped to a 16-month low in June on worries about high inflation and growing risks of a recession.

Fed Chair Jerome Powell is due to speak at a European Central Bank forum later in the day. His comments will be parsed for any change in the Fed's hawkish stance on tackling inflation.

Markets also digested a report that said Cleveland Federal Reserve Bank President Loretta Mester advocated for another 75 basis points (bps) interest rate hike in the U.S. central bank's July meeting, if economic conditions remain the same.

San Francisco Fed President Mary Daly and New York Fed President John Williams on Tuesday backed further rapid interest rate hikes and pushed back against fears that sharply higher borrowing costs will trigger a steep downturn.

The benchmark S&P 500 was on track for its biggest drop in the first half of a year since 1970, and along with the Dow and the Nasdaq was headed towards a second straight quarterly decline for the first time since 2015.

The Department of Commerce will release its final estimates for first-quarter gross domestic product (GDP) at 8:30 am ET, expected to show a 1.5% annualized fall in GDP.

At 7:00 a.m. ET, Dow e-minis were down 28 points, or 0.09%, S&P 500 e-minis were down 8.25 points, or 0.22%, and Nasdaq 100 e-minis were down 34.5 points, or 0.3%.

Shares of Tesla led declines among growth stocks, including Apple Inc, Netflix Inc and Amazon.com Inc which fell between 0.5% and 1.5% in premarket trading.

Pinterest Inc gained 3.2% after the social media platform said former Alphabet Inc executive, Bill Ready would replace its long-time chief executive officer who is stepping down.

(Reporting by Amruta Khandekar; Editing by Vinay Dwivedi)

By Amruta Khandekar


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.61% 117.47 Delayed Quote.-18.90%
TESLA, INC. -6.63% 864.51 Delayed Quote.-18.19%
All news about ALPHABET INC.
08/05WALL STREET STOCK EXCHANGE : Another case of good news is bad news
MS
08/05Wall Street set to fall as solid jobs data fuels rate hike worries
RE
08/05Nigeria asks Google to block banned groups from YouTube
RE
08/04EU Regulators Send Queries To App Developers On Google's Payment Policy Change
MT
08/04Nigeria asks Google to block banned groups from YouTube
RE
08/04EU antitrust regulators quiz developers on Google app payments - sources
RE
08/04Tesla stock-split proposal to headline annual meeting in Texas
RE
08/04WALL STREET STOCK EXCHANGE : Still seeing the glass half full
MS
08/04EUROPEAN MIDDAY BRIEFING : Stocks Gain on -2-
DJ
08/03CHIP MAKERS HAVE A MESSAGE FOR CAR M : Your turn to pay
RE
More news
Analyst Recommendations on ALPHABET INC.
More recommendations
Financials (USD)
Sales 2022 291 B - -
Net income 2022 68 459 M - -
Net cash 2022 131 B - -
P/E ratio 2022 22,3x
Yield 2022 -
Capitalization 1 537 B 1 537 B -
EV / Sales 2022 4,84x
EV / Sales 2023 4,27x
Nbr of Employees 174 014
Free-Float 89,4%
Chart ALPHABET INC.
Duration : Period :
Alphabet Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 117,47 $
Average target price 143,14 $
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALPHABET INC.-18.90%1 536 901
BAIDU, INC.-7.37%47 623
NAVER CORPORATION-29.46%30 607
Z HOLDINGS CORPORATION-33.13%24 700
YANDEX N.V.-68.69%6 798
LASTMINUTE.COM N.V.-43.96%249