Table of Contents

• Google

• U.S. Stocks

Top Stories Today

Google

Google has agreed to acquire Wiz, a cloud security startup, for $32 billion in an all-cash deal, marking its largest acquisition ever. The purchase aims to strengthen Google’s cybersecurity capabilities amid growing AI and security concerns, with Wiz becoming part of Google Cloud. The deal is expected to close in 2026. Wiz previously walked away from a $23 billion offer, opting to pursue an IPO instead, but shifting market conditions led to renewed talks. The acquisition comes as Google faces ongoing antitrust scrutiny, with a federal judge recently ruling that it holds a search market monopoly. Despite the buyout, Wiz’s security tools will remain compatible with other cloud platforms, including AWS, Microsoft Azure, and Oracle Cloud. Alphabet shares fell 2% on the news, adding to a 15% decline this year.

U.S. Stocks

U.S. stocks declined Tuesday, resuming a broader market pullback after two consecutive days of gains. The Dow fell 260 points (0.62%) to 41,581.31, while the S&P 500 dropped 1.07% to 5,614.66, nearing correction territory at 8.6% below its February high. The Nasdaq slid 1.71% to 17,504.12, weighed down by tech losses. Tesla dropped over 5% after RBC Capital Markets cut its price target, citing rising EV competition. Nvidia and Palantir also fell, contributing to the tech sector’s 1% decline. Investors remain cautious amid uncertainty over Trump’s April 2 tariff decision, while attention now shifts to the Federal Reserve’s interest rate announcement on Wednesday. Despite recent rebounds, all three major indexes remain down for the year.

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