(29 April 2020)DAILY MARKET BRIEF 1:Eyes on US GDP, Fed decision.

<p>Major US stock indices closed slightly lower on Tuesday following a turbulent session, as technology stocks led losses with Nasdaq down by 1.40%.</p>
<p>Alphabet, where revenues come mostly from Google ads, announced better-than-expected overall revenue in the first quarter as business was flourishing before Covid-19, and despite the significant decline in ads from consumer cyclical sectors such as travel and leisure later in the quarter. Yet, Alphabet’s own profit fell and the company’s decision to cut its marketing spending due to coronavirus-hit activity may have a blow effect on the tech industry, especially on its sub-contractors. Still the Alphabet shares rose 4% in the after-hours trading.</p>