Stock Market News Today, 9/4/25 – U.S. Stock Futures Trade Mixed after Google Antitrust Ruling and Weak Jobs Data

Markets stumble as regulatory hammer falls and employment numbers disappoint—just another Tuesday in the casino.
Tech Titans Under Fire
Google takes a massive antitrust hit that's sending shockwaves through big tech. The ruling cuts deep into their core business model—regulators aren't playing nice anymore.
Jobs Data Disappoints
Fresh employment numbers land with a thud. Weak data bypasses expectations, leaving traders scrambling. The numbers don't lie—they just hurt.
Futures Flip-Flop
U.S. stock futures can't find direction, trading mixed amid the dual onslaught. One sector climbs while another crashes—typical market chaos.
Wall Street's playing defense while Main Street's just trying to keep score. Another day, another dollar—except when the dollar's losing ground against reality.
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Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.19% and 0.13%, respectively, while those on the Dow Jones Industrial Average (DJIA) were down 0.08% at 4:21 a.m. EST on September 4.
Following the antitrust ruling, GOOGL stock surged over 9%, while Apple (AAPL) stock gained nearly 4% in regular trading. The judge also ruled that Google can continue paying Apple for pre-loading the Safari browser with its search engine but barred the companies from entering into “exclusive contracts” making Google the default search provider.
During Wednesday’s regular trading session, the major U.S. indexes ended mixed. The S&P 500 and the Nasdaq Composite posted solid gains of 0.51% and 1.03%, respectively, while the Dow Jones slipped 0.05%.
On the economic front, investors are awaiting key releases on the ADP employment change data and the initial jobless claims for the week ending August 30, 2025.
Meanwhile, traders are also watching for earnings reports from Broadcom (AVGO), Lululemon Athletica (LULU), and DocuSign (DOCU).
Meanwhile, the U.S. 10-year Treasury yield was down, floating NEAR 4.20%. WTI crude oil futures were trending lower, hovering near $63.28 per barrel as of the last check. Additionally, the Gold Spot U.S.-dollar price decreased to nearly $3,598 per ounce on Thursday.
Elsewhere, European stocks opened higher on September 4, as traders assessed the impact of U.S. President Donald Trump’s tariff policies. On Friday, a federal appeals court ruled that most of Trump’s global tariffs were illegal, but he has appealed to the Supreme Court seeking to overturn the lower court’s decision.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets traded mixed on Thursday, with most indexes following the U.S. tech rally while investors kept a close watch on global bond markets.
Hong Kong’s Hang Seng index fell 1.11%. In China, the Shanghai Composite dropped 1.25%, and the Shenzhen Component declined 2.83%. Meanwhile, Japan’s Nikkei advanced 1.53%, and the Topix ROSE 1.03%.