TradingKey – Alphabet stock falls for five consecutive sessions ahead of earnings, risks extending losses by 15% if results disappoint.

On October 27 Eastern Time, Alphabet (GOOG) rose slightly by 0.2% in overnight trading, temporarily trading at $317.34. Over the past five trading sessions, Alphabet’s stock price has continued to fall, touching a low near $317.00 – $320.20, hitting a new low in nearly three months.

Amid the combined impact of intense deleveraging across tech stocks, 10-year US Treasury yields remaining high at 5%, and rising risk aversion ahead of the Federal Reserve’s FOMC interest rate decision meeting, Alphabet, one of the Magnificent Seven tech giants, (GOOG) was hit hard. Under these adverse circumstances, the…