BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Tech Rally Lifts S&P 500 and Nasdaq as Google Antitrust Ruling Eases Concerns
Tech Rally Lifts S&P 500 and Nasdaq as Google Antitrust Ruling Eases Concerns
24
3
BTCCSquare news:
US stocks edged higher on Wednesday, with the tech-heavy Nasdaq Composite climbing 1% and the S&P 500 gaining 0.5%, buoyed by a favorable antitrust ruling for Google. The Dow Jones Industrial Average slipped 0.1% as labor market concerns lingered.
Google parent Alphabet surged after a judge declined to force the divestiture of its Chrome browser, alleviating regulatory fears. The decision also permits continued payments to Apple for default search placement, reinforcing Big Tech's market dominance.
Treasury yields retreated from recent highs, with the 10-year note settling at 4.2% as weak JOLTS data bolstered September rate-cut expectations. The labor market showed cracks as job openings declined, casting shadows over economic resilience.
By:
