11:41 AM EDT, 09/03/2025 (MT Newswires) -- The S&P 500 and Nasdaq Composite were up in late-morning trading Wednesday, while the Dow Jones Industrial average was down after Alphabet (GOOG, GOOGL) received a favorable ruling in its antitrust case.

Alphabet's Google ( GOOG ) won't be required to divest its Chrome web browser, but the tech giant will be barred from exclusive contracts related to the distribution of Google Search, Chrome, Google Assistant and the Gemini app, Judge Amit Mehta of US District Court for the District of Columbia ruled on Tuesday. Alphabet Class C and Class A shares were both up 8.3% around midday.

ConocoPhillips ( COP ) will reduce its workforce by 20% to 25%, Reuters reported, citing a company spokesperson. Workers received an email Wednesday morning detailing the plans, according to the report, which cited three sources. ConocoPhillips ( COP ) shares were down 4.4%.

Tesla's (TSLA) new vehicle registrations in Germany fell by 39% in August, the Federal Motor Transport Authority said Wednesday in a report. Year to date, registrations are down 56%. Tesla shares were up 3.4%.

Dollar Tree ( DLTR ) reported fiscal Q2 adjusted earnings from continuing operations Wednesday of $0.77 per diluted share, up from $0.68 a year earlier and above the FactSet consensus analyst estimate of $0.42. Fiscal Q2 revenue was $4.57 billion, up from $4.07 billion a year ago and above the FactSet consensus of $4.45 billion. For fiscal Q3, the company said it expects adjusted EPS to be "similar" to 2024's Q3. For full-year fiscal 2025, Dollar Tree ( DLTR ) expects adjusted EPS from continuing operations of $5.32 to $5.72, up from its previous guidance of $5.15 to $5.65 and compared to the FactSet estimate of $5.52. The company raised its annual sales guidance to $19.3 billion to $19.5 billion from $18.5 billion to $19.1 billion. Analysts polled by FactSet expect $19.17 billion. Dollar Tree ( DLTR ) shares were down 7.5%.

Macy's (M) reported Q2 adjusted earnings Wednesday of $0.41 per diluted share, down from $0.53 a year earlier but above the FactSet consensus of $0.19. Fiscal Q2 net sales were $4.81 billion, down from $4.94 billion a year ago but above the FactSet consensus of $4.70 billion. For fiscal 2025, the company expects adjusted EPS of $1.70 to $2.05, up from its previous guidance of $1.60 to $2.00 and compared to the FactSet consensus of $1.79. For full-year net sales, Macy's expects $21.15 billion to $21.45 billion, up from its previous guidance of $21 billion to $21.4 billion. Analysts expect $21.18 billion. Shares of Macy's were up 17.8%.

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