Alphabet market value loses $100 billion in a single day

Alphabet shares fell about 5% in yesterday’s session, suffering their biggest daily loss in four months, as the company lost $100 billion in a single day.

The losses came after the Justice Department argued before a judge that Google should sell its Quorum browser and take other measures to end its monopoly on online search.

Major U.S. indexes closed with collective gains on Thursday as investors turned back to expectations of the U.S. Federal Reserve’s monetary policy after days of trading dominated by Nvidia’s results and developments in the Russia-Ukraine war.