Alphabet plunges nearly 10% after results as Fed holds rates at 3.75–4.00%
The Fed kept the federal funds rate in the 3.75–4.00% range, with two votes in favor of a hike and a market pricing an 80% to 84% probability of a December increase. Alphabet fell nearly 10% after the close as it missed both revenue and profit targets for the first time in almost four years, with negative free cash flow of $9.07 billion. Microsoft rose 3% to 5% after beating forecasts. Samsung posted record results but its shares fell.
In 45 seconds
- The Fed held rates at 3.75–4.00% and two members voted to raise them; the market sees an 80% to 84% probability of a December hike.
- Alphabet lost about $400 billion in market capitalization after an adjusted EPS of $2.67 versus $3.02 expected and negative free cash flow of $9.07 billion.
- Google attributed slower search advertising growth to greater use of AI Mode; cloud revenue grew 103% year on year to $30.7 billion.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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