Nasdaq sinks as Alphabet plunges, Fortinet craters on inflation data and GDP

The Nasdaq fell sharply Thursday following a key inflation reading and third-quarter GDP data, with Alphabet's stock plunging on its earnings report and Fortinet also cratering. The selloff was driven by investor reaction to the latest economic indicators and disappointing corporate results from major tech companies. Alphabet's steep decline weighed heavily on the index, while Fortinet's drop added to the negative sentiment. The market moves come as investors assess the implications of the inflation data and GDP figures for future Federal Reserve policy. The day's trading reflects ongoing volatility as markets digest mixed signals on the economy and earnings season continues.