Earlier today, Alphabet shares put quite a dent in the stock market, causing some turbulence. The Nasdaq dipped by 0.2%, but the S&P 500 managed to bounce back after erasing a 30-point decline, which is quite commendable given that Alphabet shares (GOOG) are still down by 7.6%.
Investors are continually evaluating the latest developments in the trade war, especially considering President Trump’s seemingly cautious approach towards allies. This assessment is calming some nerves in the market.
Adding to the stock market’s gains is the ongoing decrease in yields. The 10-year yields fell by 9 basis points, down to 4.42%. This decline was further supported by the release of a weaker-than-expected ISM services report, which contributed to the easing of market tensions.
