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EquityWireEquity Alert:Nasdaq, S&P 500 rebound on Alphabet surge, econ data caps gains
Equity Alert

Nasdaq, S&P 500 rebound on Alphabet surge, econ data caps gains

This story was originally published at 07:46 IST on 4 September 2025
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Informist, Thursday, Sept. 4, 2025                                      Tel +91 (22) 6985-4000


Equity Alert: Nasdaq, S&P 500 rebound on Alphabet surge, econ data caps gains

 

MUMBAI--0739 IST--The Nasdaq Composite and the S&P 500 rebounded, while the Dow Jones Industrial Average ended slightly lower Wednesday as soft economic data capped gains. Heavyweight Alphabet surged on a favourable ruling in the ongoing antitrust case, helping the overall market end higher despite economy-related concerns.

 

Job openings in the US fell 176,000 to a 10-month low of 7.18 million in July, lower than the forecast of 7.28 million by Reuters. The metric is an indicator for labour demand in the economy. Despite cooling demand for workers, layoffs remained relatively low and fewer workers engaged in job-hopping, the US Labor Department's data showed.

 

Among stocks, Alphabet surged after a US district court ruled that Google could keep its Android operating system and Chrome browser, which investors had feared would be stripped by the ruling. The stock notched an all-time high following the ruling. 

 

However, persistent high bond yields globally weighed on the equity market. Investors are concerned that the upward pressure on long-term government bond yields creates headwinds for equity valuations, Reuters cited Bill Sterling, global strategist at GW&K Investment Management, as saying. The 30-year Japanese government bond yield hit an unprecedented 3.28% on Wednesday, a day after selloffs in similarly dated British gilts, US Treasuries and Canadian bonds, Reuters reported.

 

Following are the closing levels of US indices Wednesday:

 

INDEX LAST LEVEL CHANGE IN %
Dow Jones Industrial Average 45271.23 (-)0.05
NASDAQ Composite 21497.727 1.02
S&P 500 6448.26 0.51

 

(Akash Mandal)

 

US$1 = INR 88.07

 

End

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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