September 3rd, 2025 (NY time) – Wall Street ended mixed on Wednesday as Big Tech stocks rallied on a favorable court ruling for Google, while weak labor data raised fresh concerns about the US economy.
📈 Market Close
Dow Jones Industrial Average: 45,271.23 (-0.05%)
S&P 500: 6,447.88 (+0.5%)
Nasdaq Composite: 21,497.73 (+1.02%)
🔎 Key Driver 1: Google Chrome Ruling
A US federal court ruled Google does not need to sell its Chrome browser, reducing fears of a forced breakup.
Alphabet shares soared +9%, hitting an all-time high.
Apple gained +3%, as the iPhone-Google search deal remains intact.
Wall Street banks (JPMorgan) raised Alphabet’s target price to $260.
🔎 Key Driver 2: Weak JOLTS Report
July job openings dropped to 7.18 million, the lowest level since the pandemic era, missing forecasts (7.38M).
Economists warn of a "no fire, no hire" labor market, suggesting companies are hesitant to add jobs despite avoiding layoffs.
✅ Fed Policy Outlook
Markets now price a 95% chance of a 0.25% Fed rate cut in September.
Treasury yields fell (10Y at ~4.2%, 30Y at 4.9%).
Dollar index tumbled to 98, with USD/KRW slipping below ₩1,390.
📊 Investor Takeaway
Wall Street is split between optimism in Big Tech and pessimism in labor trends.
Short term: Big Tech may keep driving Nasdaq higher.
Medium term: Friday’s August jobs report will set the tone for Fed policy and risk sentiment.
🔗 Tags (for Blogger/SEO)
US stock market, Nasdaq, Dow Jones, Alphabet stock, Apple stock, Jerome Powell Fed, US jobs report, interest rate cut, S&P 500, Wall Street
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