Alphabet Inc. (Class A)

Update: EU Proposes Measures to Open Google's Android to Rival AI Services

(Updates with Google's comment in 5th, 6th and 7th paragraph.)The European Commission on Monday proposed measures that would require Alphabet's (GOOG, GOOGL) Google to open its Android ecosystem to rival AI services and launched a public consultation under the Digital Markets Act.The commission said its preliminary findings outline steps Google should take to ensure third-party AI services can access key Android capabilities and interact with applications on users' devices.The measures would allow competing AI tools to perform tasks such as sending emails, ordering services or sharing photos, which are functions currently largely reserved for Google's own AI offerings, the commission said in a statement."Today's proposed measures will give more choice to Android users about the AI services they use and integrate in their phone," Teresa Ribera, an EU executive vice president, said in the statement.Clare Kelly, Senior Competition Counsel at Google, said Android's ecosystem allows AI assistants to grow, as device makers can freely integrate and tailor AI experiences for their users."This unwarranted intervention would strip away that autonomy, mandate access to sensitive hardware and device permissions; unnecessarily driving up costs while undermining critical privacy and security protections for European users." Kelly added in an emailed statement to.Kelly also said the EC's proposals and the current memory crisis will drive up device prices by 50 euros to 100 euros this year.The commission invited interested parties to submit feedback by May 13.Price: $349.84, Change: $+7.52, Percent Change: +2.20%

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US Markets95d ago

Equities Mixed Intraday, Oil Rises Amid Stalled US-Iran Talks

US benchmark equity indexes were mixed intraday, while oil prices rose as investors wavered after peace talks between Washington and Tehran apparently stalled.The Dow Jones Industrial Average was down 0.1% at 49,161.3 after midday Monday, while the Nasdaq Composite edged up 0.1% to 24,856.1. The S&P 500 gained 0.1% to 7,169.8. Among sectors, consumer staples saw the biggest drop, while communication services paced the gainers.Brent crude was up 3.2% at $108.73 per barrel, while West Texas Intermediate crude rose 2.4% to $96.63.Iran's Foreign Minister Seyed Abbas Araghchi visited Pakistan twice over the weekend, while President Donald Trump called off US officials' previously announced trip to Islamabad.Iran has submitted a new proposal to reopen the Strait of Hormuz that includes delaying nuclear negotiations, Axios reported, citing a US official and two other sources."Brent crude trades at a three-week high as efforts to revive peace talks have stalled, with an Iranian proposal reportedly calling for nuclear negotiations to be postponed to a later stage," Saxo Bank said in a report.The strait, the world's most important chokepoint for crude flows, remains at a near-complete halt, with Iran and the US imposing their respective blockades of maritime traffic, Bloomberg News reported Sunday.Trump was scheduled to meet with top national security officials on Monday to discuss the new Iranian proposal, CNN reported."Oil is trading stronger this morning after attempts to get US-Iran peace talks back on track broke down, erasing hopes for a resumption of energy flows through the Strait of Hormuz anytime soon," ING Bank said in a note on Monday. "The lack of progress means the market is tightening every day, requiring oil prices to reprice at higher levels."US Treasury yields were higher intraday, with the 10-year rate up 3.8 basis points at 4.35% and the two-year rate rising 2.7 basis points to 3.82%.In company news, Verizon Communications (VZ) lifted its full-year earnings outlook on Monday and reported a first-quarter bottom line above market estimates, while the telecommunications giant unexpectedly added postpaid phone subscribers in the three-month period. The company's shares were up 2.6% intraday, the biggest gain on the Dow.Shares of Domino's Pizza (DPZ) were down 9.5%, the steepest decline on the S&P 500. The company reported weaker-than-expected first-quarter results on Monday, with the company's chief executive saying consumer uncertainty and inflation weighed on demand late in the quarter.Organon (OGN) shares surged 17% after the healthcare company agreed to be acquired by Indian pharmaceutical firm Sun Pharmaceutical Industries in an all-cash deal with an enterprise value of about $11.75 billion.Technology giants Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META) are slated to release their latest financial results later this week.Gold was down 1.1% at $4,688.80 per troy ounce, while silver shed 1.6% to $75.20 per ounce.

EU Proposes Measures to Open Google's Android to Rival AI Services

The European Commission on Monday proposed measures that would require Alphabet's (GOOG, GOOGL) Google to open its Android ecosystem to rival AI services and launched a public consultation under the Digital Markets Act.The commission said its preliminary findings outline steps Google should take to ensure third-party AI services can access key Android capabilities and interact with applications on users' devices.The measures would allow competing AI tools to perform tasks such as sending emails, ordering services or sharing photos, which are functions currently largely reserved for Google's own AI offerings, the commission said in a statement."Today's proposed measures will give more choice to Android users about the AI services they use and integrate in their phone," Teresa Ribera, an EU executive vice president, said in the statement.The commission invited interested parties to submit feedback by May 13.Google did not immediately respond to a request for comment from.Price: $350.77, Change: $+8.44, Percent Change: +2.47%

Sectors95d ago

Sector Update: Tech Stocks Lower Monday Afternoon

Tech stocks declined Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.7%.The Philadelphia Semiconductor index dropped 1.8%.In corporate news, Microsoft (MSFT) and OpenAI have amended their partnership under which the tech giant will no longer pay a revenue share to the ChatGPT maker, among other things, with Wedbush Securities calling the development a net positive for Microsoft. Microsoft shares rose 0.2%.Meta Platforms' (META) $2 billion acquisition of AI startup Manus was blocked by China's National Development and Reform Commission, media outlets reported Monday, citing the Chinese regulator. Meta shares were up 0.7%.Alphabet (GOOGL) unit Google's 560 employees have signed an open letter to CEO Sundar Pichai, urging him to block the use of its AI technology by the US government for military operations, the Financial Times reported Monday, citing the letter. Alphabet shares added 2.5%.

$GOOGL$META$MSFT

Market Chatter: Alphabet's Google Employees Urge CEO to Prevent Use of AI Technology for Military Purposes

Alphabet (GOOG, GOOGL) unit Google's 560 employees have signed an open letter to CEO Sundar Pichai, urging him to block the use of its AI technology by the US government for military operations, the Financial Times reported Monday, citing the letter.These employees want AI to benefit humanity and not to be used in autonomous weapons and mass surveillance, according to the media outlet.The letter was co-ordinated by staff at Google's AI lab DeepMind, people familiar with the matter told the Financial Times.Google did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $350.02, Change: $+7.70, Percent Change: +2.25%

TeraWulf's Expanded Power Volumes to Drive Growth Upside, Morgan Stanley Says

TeraWulf (WULF) and Cipher (CIFR) have significant base case upside as bitcoin-to-data-center conversion valuations are looking "increasingly attractive," Morgan Stanley said in a Monday note on Bitcoin mining companies.TeraWulf is set to drive growth upside as its expanded power volumes in its Maryland and Kentucky sites enable it to further develop data center capacity for artificial intelligence firms, Morgan Stanley analysts said. They noted that the company continues to close deals for building and leasing powered facilities for big AI players, including Alphabet's (GOOG, GOOGL) Google.The company's Q1 financial results show the significant progress in its conversion plans, with over half of its revenue coming from high-performance computing hosting, with more compute capacity expected to come online in Q2 and throughout the rest of the year, according to the note.The upward revision in TeraWulf's valuation comes from about $4 billion in extra value generated by the acquisition of additional megawatts of power capacity, partially offset by around a $600 million reduction in cash committed to building out new sites, the note said.Morgan Stanley kept the company's stock rating at overweight and raised the price target to $41.50 from $37.Price: $20.23, Change: $+0.23, Percent Change: +1.15%

$CIFR$GOOG$GOOGL$WULF

Pentagon Adding Google's Gemini for Government to Suite of Models, Under Secretary Says

The Department of Defense is adding Gemini for Government 3.1 Pro and 3.0 Flash from Alphabet's (GOOG, GOOGL) Google to the suite of available models on GenAI.mil, according to a post on X Monday by Office of the Under Secretary of War for Research and Engineering.Google didn't immediately reply to a request for comment from.Price: $348.76, Change: $+6.44, Percent Change: +1.88%

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Market Chatter: Hut 8 Selling Bonds to Fund Google-Linked Data Center in Louisiana

Hut 8 (HUT) is selling secured bonds due 2042 to fund the construction of data center linked to Alphabet's (GOOG, GOOGL) Google, Bloomberg reported Monday, citing a source with direct knowledge of the matter.Initial pricing for the bonds is being discussed at a yield of about 2.13 percentage point above the benchmark, the source said.Hut 8's 600,000-square-foot project is planning to sell at least $3 billion of investment-grade bonds to fund a 245-megawatt facility in St. Francisville, Louisiana, Bloomberg earlier reported.Hut 8 and Google did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $76.15, Change: $-0.69, Percent Change: -0.90%

$ETR$GOOG$GOOGL$HUT

Asia Markets95d ago

US Equity Futures Fall Pre-Bell as Middle East Peace Talks Remain Stalled, Iran Reportedly Floats New Peace Offer

US equity futures were marginally lower pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.1% higher.Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $100.86 per barrel and US West Texas Intermediate crude 1.7% higher at $96.05 per barrel.The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Qualcomm (QCOM) shares were up 9.4% after industry checks suggested that Microsoft-backed OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors, according to a TF International Securities analyst. Verizon Communications stock was up 3% after the company reported its Q1 financial results.On the losing side, Domino's Pizza (DPZ) shares were down 7.4% after the company posted fiscal Q1 earnings and revenue that fell short of analysts' estimates.

Japan95d ago

US Equity Futures Mixed Pre-Bell as Middle East Peace Talks Remain Stalled, Iran Reportedly Floats New Peace Offer

US equity futures were mixed pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.2% higher.Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $100.19 per barrel and US West Texas Intermediate crude 0.7% higher at $95.08 per barrel.The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BRK.A$BRK.B$GOOG$GOOGL$META$MSFT$V$VZ

US Markets95d ago

Stocks Mostly Down Pre-Bell as Iran Reportedly Offers New Proposal to Open Strait of Hormuz

The benchmark US stock measures were mostly tracking in the red before the opening bell Monday as traders assess media speculation about Iran's new proposal to open the Strait of Hormuz.The S&P 500 and the Dow Jones Industrial Average declined 0.1% each in premarket activity, while the Nasdaq was up 0.1%. The Nasdaq and S&P 500 finished Friday's trading session with new closing highs, while the Dow was down.Iran has sent a new proposal to the US to reopen the crucial Strait of Hormuz, the world's most important chokepoint for crude flows, Axios reported, citing a US official and two sources with knowledge of the matter. The proposal reportedly includes postponing nuclear negotiations to a later stage.Shipment traffic through the Strait of Hormuz remains at a near-complete halt with Iran and the US imposing their respective blockades of maritime traffic, Bloomberg News reported Sunday.West Texas Intermediate crude oil rose 2.1% to $96.38 a barrel before the open, while Brent gained 2.3% to $107.77.President Donald Trump cancelled plans to send his representatives to Pakistan for negotiations with Iran, saying too much time has been "wasted on traveling.""We have all the cards, they have none!" Trump said in a social media post on Saturday. "If they want to talk, all they have to do is call!!!"Iranian Foreign Minister Seyed Abbas Araghchi travelled to Islamabad over the weekend to convey Tehran's "observations" to Pakistan's high-level officials, foreign ministry spokesman Esmaeil Baqaei said in a post on X. There was no meeting planned with the US, according to Baqaei.Trump last week extended a ceasefire with Iran, but maintained the naval blockade of Iranian ports.The personal income and outlays report for March is scheduled to be released on Thursday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday.Monday's thin economic calendar has the Dallas Fed manufacturing survey for April at 10:30 am ET.Technology giants Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META) are slated to release their latest financial results later this week.Verizon Communications (VZ) and Domino's Pizza (DPZ) report their earnings before the bell, while Cadence Design Systems (CDNS) announces its financial statement after the markets close.Organon (OGN) shares climbed 16% pre-bell after the healthcare firm agreed to be acquired by India's Sun Pharmaceutical Industries in an all-cash deal worth about $11.75 billion. Qualcomm (QCOM) added 13% after finishing the previous trading session up 11%, while Nvidia (NVDA) increased 1%.Treasury yields were trending upwards in premarket action, with the two-year rate inclining 1.3 basis points to 3.79% and the 10-year rate moving 0.6 basis points higher to 4.32%.Gold slipped 0.5% to $4,718 per troy ounce, while bitcoin decreased 0.6% to $77,804.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CDNS$DPZ$GOOG$GOOGL$META$MSFT$NVDA$OGN$QCOM$VZ

Asia Markets96d ago

US Equity Investors to Focus on Mag-7 Earnings, Possibility of Iran War Resolution This Week

US equity investors will focus on mega-cap earnings this week alongside geopolitical developments, especially any possibility of a deal to end the Iran war.* Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL), five out of the seven so-called Magnificent-7 companies will report quarterly earnings this week alongside scores of others. Last week, Intel's (INTC) blowout Q1 reflected the scale of demand for artificial intelligence-related products and services, boosting the S&P 500 and the Nasdaq Composite to record highs.* US President Donald Trump on Sunday reportedly said Iranian authorities "can call" if they want to talk, while reiterating the war could "come to an end very soon." This statement from Trump comes after the president canceled his envoys' trip to Pakistan over the weekend to negotiate a peace deal with Iran.* In the absence of any face-to-face discussions in Pakistan, Iran offered a proposal to reopen the Strait of Hormuz and end the war, Axios cited a US official and two people with knowledge of the matter in a news report. That proposal, however, includes postponing nuclear negotiations between the two countries, according to the Axios report.* Meanwhile, Iran's Foreign Minister Abbas Araghchi is in Russia ahead of a meeting with President Vladimir Putin to discuss the conflict with the US, after Tehran's top diplomat visited with key mediators Pakistan and Oman over the weekend, CNN reported Monday.* The Federal Reserve on Wednesday is certain to keep the federal funds range unchanged at 3.5% to 3.75%, according to the CME FedWatch tool.* Data due this week includes the personal consumption expenditures price index, the Fed's preferred inflation gauge for March, the ISM survey on manufacturing and services activity in April, the Q1 employment cost index, the Q1 gross domestic product advance estimate, and durable goods orders for March.

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Sectors98d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 5.9%.The Philadelphia Semiconductor index climbed 4%.In sector news, the Trump administration is supporting Elon Musk's AI company xAI in its suit challenging Colorado's new law aimed at preventing discrimination by AI systems, Bloomberg reported Friday, citing a court filing. The law, set to take effect June 30, will regulate how businesses use AI tools in decisions involving employment, health care, housing and other areas, the report said. The US Department of Justice argued the measure violates the Constitution's Equal Protection Clause and would distort model outputs in ways that "discriminate based on race, sex, religion, and other protected characteristics," the report added.In corporate news, Intel (INTC) shares surged nearly 23% after the chipmaker reported late Thursday fiscal Q1 results above Wall Street's estimates as it benefited from AI-driven demand for its products.Meta Platforms (META) said Friday it signed an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. Meta shares rose 2.5%, and Amazon gained 3.6%.Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic. Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company. Alphabet shares rose 1.7%.Alphabet's Google and Microsoft (MSFT) are set to take part in a bidding process to select operators for a US data center being developed by SoftBank, Nikkei Asia reported. The decision, potentially coming as early as this month, is linked to a 10-gigawatt data center planned in Piketon, Ohio, which is part of a broader investment expected to eventually reach $500 billion, the report said. Microsoft shares added 2.1%.

$AMZN$GOOGL$INTC$META$MSFT

Sector Update: Tech

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.7% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 5.9%.The Philadelphia Semiconductor index climbed 4.1%.In corporate news, Alphabet's (GOOG, GOOGL) Google and Microsoft (MSFT) are set to take part in a bidding process to select operators for a US data center being developed by SoftBank, Nikkei Asia reported. The decision, potentially coming as early as this month, is linked to a 10-gigawatt data center planned in Piketon, Ohio, which is part of a broader investment expected to eventually reach $500 billion, the report said.

$GOOG$GOOGL$MSFT

Sectors98d ago

Sector Update: Tech Stocks Gain Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.1%.The Philadelphia Semiconductor index climbed 4.3%.In corporate news, Intel (INTC) shares surged 21% after the chipmaker reported late Thursday fiscal Q1 results above Wall Street's estimates as it benefited from AI-driven demand for its products.Meta Platforms (META) said Friday it signed an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. Meta shares climbed 2.8%, and Amazon gained 3%.Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic. Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company. Alphabet shares rose 1%.

$AMZN$GOOGL$INTC$META

Market Chatter: Google Plans Anthropic Investment of Up to $40 Billion

Alphabet's (GOOGL) Google is planning to invest $10 billion in Amazon-backed (AMZN) Anthropic with the possibility of an additional $30 billion, Bloomberg reported, citing a statement from Anthropic.Google has committed to investing $10 billion now at a $350 billion valuation, and could invest an extra $30 billion if Anthropic hits performance targets, the report said, citing the company.Google and Anthropic didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $344.49, Change: $+5.60, Percent Change: +1.65%

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Google Plans Anthropic Investment of Up to $40 Billion, Bloomberg Reports

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Alphabet Shares Expected to Reach New Highs on AI Tailwinds, Oppenheimer Says

Alphabet's (GOOG, GOOGL) shares are expected to reach new highs as Google's AI-powered Search's potential to boost revenue growth stokes investor confidence, Oppenheimer said in a note Thursday.Wall Street is "irrationally" assuming that Search revenue growth will decelerate over the next two years, the brokerage said.Google has yet to benefit from its AI conversion enhancements, analysts said as they noted that advertisements in AI Overviews were launched globally only at the end of 2025, AI Mode ads are still in the early stages, and AI chatbot Gemini currently has no ads.Meanwhile, revenue growth in the Google Cloud Platform is accelerating and could hit 60% in 2026, analysts said, as the company's capital spending on capacity starts to make an impact.Google is in the early stages of using data from Search, Maps, Gmail, and Calendar to deliver agentic AI with a "claw-bot" experience, according to the note.Oppenheimer kept its outperform rating on Alphabet stock, with a $360 price target.Price: $335.91, Change: $-1.84, Percent Change: -0.54%

Wire99d ago

Alphabet's Gemini Progress Seen Boosting Search and Cloud in Q1, BofA Says

Alphabet's (GOOG/GOOGL) progress integrating its Gemini AI models could lift Q1 results, with potential gains in both search and cloud as advertisers benefit from better targeting and efficiency, BofA Securities said Wednesday in a report.BofA expects Q1 EPS of $2.69 on revenue of $92 billion and sees Q2 EPS of $2.80 on revenue of $98.3 billion. The firm said search growth picked up during the quarter, while cloud revenue is expected to rise 49% from a year earlier.Alphabet is positioned for strong growth and improving cloud margins as it rolls out new AI models, custom silicon, and broader consumer and enterprise distribution, BofA said.E-commerce spending likely accelerated in Q1, and BofA's checks suggest no major disruptions to ad budgets despite geopolitical uncertainty, the report said.BofA reiterated its buy rating on Alphabet stock with a price target of $370.Q1 results are due Wednesday.Price: $337.46, Change: $-0.27, Percent Change: -0.08%