Alphabet drops 12% in deepening tech and semiconductor rout

What happened: Alphabet (GOOGL) fell 12.6%, dragging the broader market and semiconductor and software names lower, while healthcare stocks gained. Key numbers: Alphabet down 12.6%, approaching a 475 to 480 billion dollar loss. Micron (MU) down about 5%, Intel (INTC) down 3.5%, Marvell (MRVL) down 13%, KLA up 5%. Eli Lilly (LLY) up 6.5%, Merck (MRK) up 3%, Novartis up 3%, Gilead (GILD) up about 4%. Why it matters: The sell-off in Alphabet carried over into semiconductors and software, while healthcare offered a pocket of green as the tech retreat deepened. Market: -6.4% today ($44.76), -40.4% YTD, 1.3x vol — as of 07:46 UTC

Alphabet (GOOGL) fell 12.6%, dragging the broader market and semiconductor and software names lower, while healthcare stocks gained.

The sell-off in Alphabet carried over into semiconductors and software, while healthcare offered a pocket of green as the tech retreat deepened. Market: -6.4% today ($44.76), -40.4% YTD, 1.3x vol — as of 07:46 UTC