Tech Stocks Rally as Google Antitrust Ruling Spurs Market Optimism
US equity futures climbed Wednesday after a federal court ruled Google won't be forced to divest its Chrome browser, though the tech giant must share data with competitors. Nasdaq 100 futures led gains, rising 0.6%, while S&P 500 contracts advanced 0.4%.
The decision preserves Google's search dominance but imposes new constraints, triggering a premarket rally in tech shares. Apple rose in tandem, securing its lucrative search deal with Google. This reprieve follows Tuesday's market slump driven by Nvidia's decline and trade policy uncertainties.
Investors now await JOLTS data for labor market insights after July's softening employment figures. The ruling's market impact underscores tech's pivotal role in broader indices, though cryptocurrency markets remain watchful for potential regulatory spillover effects.