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S&P 500, Nasdaq Rise, Led by Alphabet's Surge; Weak Jobs Data Spurs Rate-Cut Wagers
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S&P 500, Nasdaq Rise, Led by Alphabet's Surge; Weak Jobs Data Spurs Rate-Cut Wagers
Sep 3, 2025 1:47 PM

04:23 PM EDT, 09/03/2025 (MT Newswires) -- The S&P 500 and Nasdaq Composite rose after Alphabet (GOOG, GOOGL) shares jumped as the tech giant avoided a forced sale of its Chrome browser in an antitrust ruling, while weak jobs data bolstered bets for an interest-rate cut by the Federal Reserve.

* Job openings fell in July to 7.18 million, according to the Bureau of Labor Statistics, marking only the second time since the end of 2020 that listings fell below 7.2 million.

* October West Texas Intermediate crude oil fell $1.70 to settle at $63.89 per barrel, while November Brent crude, the global benchmark, was last seen down $1.60 to $67.54.

* Alphabet (GOOG, GOOGL) shares jumped 9%, the biggest gain on the S&P and Nasdaq Composite, after several analysts raised price targets following the federal court ruling on Tuesday.

* Dollar Tree ( DLTR ) shares fell 8.4% after fiscal Q3 earnings guidance disappointed investors.

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