Alphabet stock drifts lower into year-end as traders eye Fed minutes and key levels
29 December 2025
2 mins read

Alphabet stock drifts lower into year-end as traders eye Fed minutes and key levels

NEW YORK, December 28, 2025, 18:50 ET — Market closed

  • Alphabet’s non-voting Class C shares closed Friday at $314.96, down 0.2% in thin post-holiday trading. 1
  • The Nasdaq slipped 0.09% on Friday as major U.S. indexes hovered near record peaks into the final sessions of 2025. 2
  • Options activity clustered around the $317.50 call strike, a level traders are watching into Monday’s reopening. 3

Alphabet’s Class C shares (GOOG) edged down 0.2% to $314.96 on Friday, drifting with a muted pullback in U.S. stocks after the Christmas holiday. 1

The move matters because the market is entering its final trading days of the year with indexes near record highs and liquidity still thin. Strategists have warned that year-end portfolio adjustments can exaggerate price swings, especially in megacaps. 4

Investors are also looking to this week’s U.S. data and Federal Reserve communication for direction, with rate expectations shaping valuations for large technology stocks. 4

On Friday, the Nasdaq Composite fell 0.09%, while the S&P 500 slipped 0.03% and the Dow Jones Industrial Average lost 0.04%, Reuters reported. 2

Alphabet traded between $313.72 and $316.56 and finished below Thursday’s $315.67 close, according to Yahoo Finance data. 1

The stock’s 52-week range is $142.66 to $328.67, according to MarketWatch. 5

Options trading — contracts that give investors the right to buy or sell a stock at a set price by a certain date — pointed to attention around $317.50. Nasdaq said 10,324 call contracts at that strike expiring Dec. 26 changed hands, representing about 1.0 million underlying shares. 3

“Momentum is certainly on the side of the bulls,” Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest Wealth Management, said in a Reuters report on the week ahead. 4

The next test comes quickly. Minutes from the Fed’s Dec. 9-10 meeting are scheduled for release at 2 p.m. ET on Tuesday, according to the central bank’s calendar. 6

Investors will also watch housing data, including the National Association of Realtors’ pending home sales report for November due Monday at 10 a.m. ET. 7

Market participants have been tracking whether stocks deliver a “Santa Claus rally,” a seasonal measure based on the last five trading days of December and the first two sessions of January. 2

Alphabet has tracked broader sentiment toward big technology shares, which Reuters said faced bouts of pressure earlier this month as investors debated whether heavy artificial-intelligence spending would dent profits. 4

Before Monday’s open, traders will watch whether GOOG can push through the $317.50 area highlighted by call activity after failing to clear $316.56 on Friday. On the downside, Friday’s $313.72 low and the 50-day moving average near $293.73 are levels on charts that often act as support when prices slide. 1

Alphabet is expected to report results on Feb. 3, according to Yahoo’s earnings calendar, though the date is not company-confirmed. Investors typically focus on advertising demand, cloud growth and management’s commentary on spending plans for AI infrastructure. 8

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