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On September 25, 2025,
(GOOGL) closed at $153.20, down 0.51% to $152.42, with a trading volume of $4.23 billion, ranking 17th in market activity. The stock's performance was influenced by mixed guidance from Cloud amid broader tech sector volatility. Analysts noted that while cloud growth remains robust, investor sentiment was tempered by macroeconomic uncertainties and regulatory scrutiny over AI initiatives.Recent earnings reports highlighted a 12% year-over-year revenue increase in Google Cloud, though margins narrowed due to higher infrastructure costs. Institutional investors reduced exposure to high-growth tech stocks, contributing to the downward pressure. A key factor was the Federal Trade Commission's antitrust investigation into AI data practices, which triggered risk-off behavior in the sector.
Market participants observed a divergence between fundamental strength and technical indicators. Short-term traders focused on the 50-day moving average ($154.80) as a critical support level, with volume patterns suggesting potential consolidation. Options activity showed increased put buying, reflecting defensive positioning ahead of Q3 earnings due in late October.
To run this back-test I need to pin down a couple of practical details that aren’t specified yet: 1. Universe of stocks • e.g. all U.S. listed common stocks (NYSE + NASDAQ + AMEX) • or another market / index constituent list 2. Trade-price convention • Buy at today’s close, sell at tomorrow’s close (standard for daily-volume rankings) – OK? • Any alternative you prefer (e.g. buy next-day open) 3. Position sizing • Equal-weight across the 500 names each day (default) • Or value-weight / volume-weight / other? Once these are set I can fetch the volume data, generate the daily “top-500” portfolio, and evaluate the 1-day holding return from 2022-01-01 to today. Let me know your choices (or confirm the defaults above) and I’ll proceed.

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