Goals: Suarez 5, Henderson 60; Giroud 64, Walcott 67.
While most Reds supporters would have been happy with a point from this fixture before kick-off, having been two-nil up that point can also look like two dropped. A win would have put Liverpool level on points with Arsenal.
The Reds took the lead during a good start, when Luis Suarez’s shot deflected past Wojciech Szczesny in the fifth minute. Liverpool pressed Arsenal high up the pitch and forced their defence into mistakes.
After half-time Jordan Henderson doubled the lead after more bad defending from the Gunners.
But the lead didn’t last long, with Arsenal hitting back with two inside three minutes – Giroud heading in from a free-kick and Walcott rifling past Reina.
Veteran duo Jamie Carragher and Steven Gerrard put in superb performances, while returning Pepe Reina made some vital saves.
Liverpool almost won it in stoppage time with Suarez’s shot forcing a good save from Szczesny. While Arsenal also had chances to win at the other end, with Giroud fluffing his lines from close range and Cazorla going close.
Liverpool: Reina, Wisdom, Carragher, Agger, Johnson; Lucas, Gerrard; Downing, Henderson, Suarez; Sturridge (Enrique 71).
Subs not used: Jones, Skrtel, Shelvey, Borini, Sterling, Allen.