Why Did Alphabet Stock Pop Today, Then Drop?

Valuation matters for Alphabet stock. Alphabet (GOOG -0.70%) (GOOGL -1.24%) stock is acting a bit erratic Monday morning, first rising nearly 2% in early trading, and then giving up all its gains and falling into the red. As of 11:05 a.m. ET, the Google parent company is down 0.3%. And why? Good news from Canada The "up" part of this story is easier to explain than the "down." On Sunday, Canada announced it will rescind a proposed Digital Services Tax (DST) that threatened to impose high costs on tech compa ...