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Alphabet Eyed for Dow as Tech Stabilizes After Sharp Selloff

U.S. stock futures were mixed Wednesday as tech shares regained footing following Tuesday’s broad selloff. Alphabet, which plunged 5% and erased $225 billion in market value after a key DeepMind scientist departed for Anthropic, is now highlighted for potential Dow Jones inclusion. Investors are watching Micron’s results for AI-spending clues while weighing South Korea’s chip expansion and an NLRB order affecting Amazon’s labor costs. The shift marks a cautious stabilization after earlier sharp drops in SpaceX and other tech names.

Category

Alphabet

Sentiment

Mixed

Event

Market commentary

Reading time

1 min