The CommSec Market Update 10 Feb 23: Google parent Alphabet weighs on Wall Street. German inflation eases

US sharemarkets fell on Thursday. Google parent Alphabet extended a two-day sell-off, down 5.2%, as concerns surfaced about the competency of its ChatGPT rival Bard. Shares of Microsoft fell 0.5% with Amazon.com shares down 1.7%. But shares of Walt Disney rose 0.2% after the company posted smaller-than-expected subscriber losses. PepsiCo shares gained 0.7% after reporting better-than-expected results. Luxury brand Tapestry jumped 4.2% on a strong annual profit forecast. With around an hour left of trade, the Dow Jones index was down by 204 points or 0.6% after being up more than 300 points earlier in the session. The S&P 500 index lost 0.6% and the Nasdaq index slid 91 points or 0.8%.

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