Tech Stocks Pull the Nasdaq Down Over 1% After Alphabet Report

The Nasdaq, a stock index that leans toward tech companies, fell more than 1% on October 29, 2026. Alphabet's results revived worries about rising artificial intelligence (AI) costs. Its third-quarter sales were $127.6 billion, up 25% but short of the $128.2 billion expected, and its shares fell sharply. That hits index funds and retirement accounts tracking the Nasdaq.