Wednesday, December 17, 2014

Google Market News Update : Epic Research Singapore

Shares of Google Inc. led tech stocks lower Tuesday, closing at a 14-month low following a price target cut at J.P. Morgan Chase that questioned the viability of its fundamentals.

Google’s GOOGL, -3.43%  stock closed down 3.4% to $498.16, its lowest close since October 2013. J.P. Morgan analyst Doug Anmuth cut his estimates on Google and lowered his price target to $600, although a broader market selloff pushed tech stocks lower across the board.

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