Wall Street stumbles after record run

Wall Street’s main indexes yesterday slipped from all-time highs set in the previous session, after a slump in the shares of Google-parent Alphabet following a revenue miss and a drop in Apple ahead of its results.

The S&P 500 and the Nasdaq broke above record levels on Monday as investors took comfort from a largely positive earnings season, benign inflation data and hints of progress in U.S.-China trade talks.

Alphabet Inc shares tumbled 8.56percent and were on track for their worst decline since December 2008, after the company also posted its slowest revenue growth in three years.

The S&P communication services sector slid 3%, the most among the 11 major S&P sectors and was on pace for its biggest percentage fall in over four months.

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