Alphabet was falling on Wednesday as it shocked the market with its heavy spending plan. Wall Street analysts say it can still show a return on investment.

Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. The S&P 500 was 0.3% lower in morning trading,

Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from Trump’s tariffs, at least temporarily.

Tech giants face investor scrutiny as Wall Street grapples with mixed earnings reports and ongoing economic uncertainties.

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Key Takeaways U.S. equities were mixed at midday, slowed by new Chinese tariffs on U.S. goods and weak tech results.Alphabet sales were short of forecasts, and the Google parent planned big artificial intelligence spending.