S&P 500 Rises as Tech Stocks Outperform Amid Labor Market Concerns

The S&P 500 climbed 0.5% on Wednesday, September 3, 2025, driven by strong performances in the communications and technology sectors. Alphabet shares surged over 9% to a record high after a federal court ruled against forcing the company to divest its Google search engine. The decision preserves Alphabet's lucrative agreement with Apple to maintain Google as the default search engine on iOS devices.

While tech stocks buoyed the Nasdaq to a 1% gain, the Dow Jones Industrial Average edged down slightly. Labor market concerns resurfaced as July job openings data showed a decline, reflecting pressure from tariffs and elevated interest rates.

Dollar Tree shares tumbled after the discount retailer warned of near-term tariff impacts. The mixed market performance underscores ongoing tensions between sector-specific strengths and broader economic headwinds.