Wall Street Futures Climb as Alphabet Wins Key Antitrust Ruling; Jobs Data in Focus
U.S. stock futures rose on Wednesday, led by gains in tech heavyweights after a favorable court ruling for Alphabet. The S&P 500 and Nasdaq futures advanced, while Dow futures were little changed ahead of closely watched labor market data. Alphabet shares jumped over 5% in premarket trading after a Washington judge ruled the company will not be forced to sell its Chrome browser but must share certain data with rivals. The decision also allows Google to continue lucrative payments to Apple, sending the iPhone maker’s stock higher. Analysts said the ruling removes a major legal overhang for Big Tech and signals a preference for pragmatic remedies over structural breakups. Investors are now turning their attention to the Job Openings and Labor Turnover Survey (JOLTS) report, due later in the morning, as part of a week packed with employment data culminating in Friday’s nonfarm payrolls. Weakness in recent jobs reports has fueled expectations of a September interest rate cut, ...
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