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Why Alphabet Stock Fell 18% in April

TheMotleyFool

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Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were getting roughed up last month as the search giant turned in a disappointing first-quarter earnings report and fell alongside the broader tech sector as market sentiment continued to move away from tech stocks. According to data from S&P Global Market Intelligence, the stock finished the month down 18%.

As you can see from the chart below, it was a steady decline for the Google owner over most of April, and its descent tracked with the Nasdaq index.