Why is Google down 3.55% today?

Just saw Alphabet ($GOOGL) get absolutely smoked today: down \~3.55% to the $355 zone with a nasty gap down on the chart. I tried understanding why and here’s what I found: * Nasdaq-100 & S&P 500 changes kicked in at open today, plus the big Russell reconstitution is happening this week. Alphabet is getting yanked out of the Russell 1000 Value index and shifting to Growth, so value funds are dumping shares. * The $80B+ stock offering they announced early in June to fund the AI buildout is still weighing on sentiment. Dilution fears + huge capex = bagholders getting nervous. * Mixed day overall with geopolitics in the background and some rotation happening in big tech/AI names (but S&P 500 is up, so I don't understand why Google is getting more heat from the Iran mess than others). No big news popped up today, feels more like technical selling + leftover pressure from the capital raise. Anyone else got extra info I missed?