Bourse

Home page

Bourse

Nasdaq, S&P 500 end higher with Alphabet, Apple, rate-cut hopes; Dow dips

04 September 2025 09:16 (UTC +04:00)

The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent and as investors were optimistic that the Federal Reserve would cut interest rates this month, APA reports, citing Reuters.

The Dow finished slightly lower, with shares of Boeing (BA.N), opens new tab down 2.1%.

Alphabet (GOOGL.O), and Apple (AAPL.O), gave the S&P 500 and Nasdaq their biggest boosts. Shares of Alphabet rose 9.1% after the late T

uesday ruling, which allows Google to retain control of its Chrome browser and Android mobile operating system, while barring certain exclusive contracts with device makers and browser developers.

Shares of Apple gained 3.8% as the ruling also preserved lucrative payments to the iPhone maker from Google.

"Google and Apple got a lifeline ... They won the sweepstakes," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. "The courts just cemented their reputation."

Several Fed officials said labor market concerns continue to animate their belief that rate cuts lie ahead. Fed Governor Christopher Waller said he thinks the central bank should be cutting at its next meeting. Atlanta Fed President Raphael Bostic reiterated his view that a rate cut is in the cards, although he did not say how soon it might happen.

Data earlier showed U.S. job openings fell in July, suggesting a softening labor market.

The Dow Jones Industrial Average (.DJI), fell 24.58 points, or 0.05%, to 45,271.23, the S&P 500 (.SPX), gained 32.72 points, or 0.51%, to 6,448.26 and the Nasdaq Composite (.IXIC), gained 218.10 points, or 1.03%, to 21,497.73.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 26, 2025. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

September is historically a weak month for the stock market. But Peter Cardillo, chief market economist at Spartan Capital Securities in New York, said he did not think the month would be "as trying as it usually is because of the fact that the Fed is expected to lower rates."

U.S. rate futures now widely expect the Fed to lower rates this month, pricing in a 96% chance of a 25 basis point cut at the end of the two-day Fed policy meeting on September 17, according to the CME Group's FedWatch tool.