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Alphabet stock fell 12.6% on Thursday, marking its worst day since trading began over 20 years ago. This drop dragged the S&P 500 to its first loss in four days, falling 23.59 points to 7,720.39.
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Summary by ByteBrief

Google Stock Hits Worst Ever Day

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)
Alphabet Shares Plunge $524 Billion