{"id":435520,"date":"2026-08-06T03:03:52","date_gmt":"2026-08-05T20:03:52","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/at-the-close-nasdaq-sags-as-google-falls-more-than-4-435520\/"},"modified":"2026-08-06T03:03:52","modified_gmt":"2026-08-05T20:03:52","slug":"at-the-close-nasdaq-sags-as-google-falls-more-than-4","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/at-the-close-nasdaq-sags-as-google-falls-more-than-4-435520\/","title":{"rendered":"At the close: Nasdaq sags as Google falls more than 4%"},"content":{"rendered":"<div>\n<p>The story of the day in US stock markets was a modestly positive open followed by steady selling until the European close and a flatline until the final minutes when it fell an additional 0.3 percentage points.<\/p>\n<p>A main loser on the day was Google, which fell more than 4% and was a big reason the Nasdaq Composite was down 0.9% on the day. Zooming out, there&#8217;s clearly an element of profit taking at work after two sensational days to start the week.<\/p>\n<p>Google fell after it was announced that AI wizard Demis Hassabis is stepping away from the day-to-day management of Google DeepMind to become Alphabet\u2019s chief scientist and DeepMind chairman. DeepMind CTO Koray Kavukcuoglu will take over daily responsibility for frontier-model research and Gemini development.\u00a0Longtime Google AI leader Jeff Dean, along with several other senior researchers, is leaving to create a new AI venture called Discovery Loop.<\/p>\n<p>The fear is that these moves are coming after some sort of stumble in AI development at Google.<\/p>\n<p>On the upside, shares of Nvidia had a strong day, climbing 3.8% in the fifth consecutive day of gains. The market is coming to terms with the idea that the hyperscaler AI capex spending spree will continue, and might even have a positive return on investment. The circular funding argument remains but I don&#8217;t worry too much. Nvidia is backstopping upwards of $250 billion in spending but its margins are 80% so its economic risk on that is only $50 billion, plus it could re-sell the chips.<\/p>\n<p>Nasdaq daily chart:<\/p>\n<\/p>\n<p>Winners and losers on the S&amp;P 500.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The story of the day in US stock markets was a modestly positive open followed by steady selling until the European close and a flatline until the final minutes when it fell&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435520","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435520"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}