Alphabet Shares Drop About 10% as Google's Search Ad Growth Slows

Alphabet, Google's parent company, saw shares fall roughly 10% in after-hours trading on October 28. Growth in Google's search advertising slowed. Total revenue still rose 25% to $127.6 billion. Alphabet is a large holding in index funds (baskets of many stocks) and pensions, so the drop can reach ordinary savers. These were early readings, not closing prices.