A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermidMore
By Chuck Mikolajczak
NEW YORK (Reuters) – Global equity markets edged higher on Tuesday as the Dow and S&P 500 indexes erased early lows caused by weak Chinese business surveys and a tumble in shares of Google parent Alphabet, while the euro strengthened on the heels of data that showed euro zone growth topped expectations.
Shares of Alphabet dropped 7.8%, making it the biggest drag on both the S&P 500 and Nasdaq indexes a day after both hit record highs, as the company reported its slowest revenue growth in three years. Fellow heavyweight Apple is scheduled to report results after the market close on Tuesday.