Google (Alphabet) Stock Stage Rebound in Big Tech, S&P Closes Up Too

MARKETS TREND

Big tech has seen some reprieve this week, with Google stock gaining 2.6% today, showing buying pressure despite the bearish gaps.

Alphabet shares find buyers this week
Alphabet shares find buyers this week

Google’s Stock Rebounds After Breaking Key Support

Alphabet (GOOGL) began the week on a weak note, opening Monday with a bearish gap lower and breaking below the 200-day SMA (yellow). The stock lost 10% of last week’s gains but has since staged a strong recovery, climbing steadily over the past two days.

A major challenge facing Google is the rise of AI-powered chatbots, which are starting to threaten its dominance in internet search. While some analysts predict Google’s search business will remain stable until at least 2026, the company faces increasing pressure to adapt to the evolving AI landscape.

Google Shares Chart Daily – Buyers Have Work to Do Chart GOOGL, D1, 2025.04.01 22:39 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

Market Sentiment and Tariff Uncertainty

Early Monday, a Washington Post report suggested that the White House was considering a broad 20% tariff, sparking market-wide concerns. However, sentiment improved after a follow-up report suggested that the 20% tariff was the least likely scenario and that the US government is closely monitoring international reactions before making a decision.

U.S. Stock Market Ends Mixed as Tech Stocks Lead Gains

Key Index Performance:

  • S&P 500 closed at 5,633.07, gaining +21.22 points (+0.38%), reflecting continued strength in large-cap stocks.

  • Nasdaq Composite led the day’s gains, closing at 17,449.89, up +150.60 points (+0.87%), driven by strong performances in tech stocks.

  • Dow Jones Industrial Average edged slightly lower, ending at 41,989.96, down −11.80 points (-0.028%), indicating mixed sentiment in blue-chip stocks.

  • Russell 2000 Index finished at 2,012.24, barely moving with a gain of +0.33 points (+0.016%), showing little momentum in small-cap stocks.

Market Takeaways:

  • Tech stocks were the standout performers, boosting the Nasdaq to its biggest gain of the day.

  • The S&P 500 continued its upward momentum, benefiting from strength in key sectors.

  • The Dow’s slight decline signals some hesitancy among investors regarding blue-chip stocks.

  • Small-cap stocks showed minimal movement, suggesting a lack of strong catalysts in the sector.

Conclusion

Google has shown strong rebounds despite recent pressures, but uncertainty remains due to external risks like tariffs and shifts in the competitive landscape. Investors will be closely watching upcoming trade policy decisions and AI developments, as these factors could shape the long-term trajectory of both stocks.

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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