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Asian Shares Are Higher After Wall Street Steadies Itself as Alphabet Rallies
- On Wednesday, Wall Street stabilized as shares of Alphabet and other tech companies rose following a federal judge's decision in Google's antitrust case.
- The ruling ordered changes to Google's search engine but did not require selling its Chrome browser, easing fears of severe regulatory impact.
- The market also benefited from a retreat in Treasury yields after weaker-than-expected U.S. job reports signaled potential Federal Reserve interest rate cuts later this month.
- Shares of Google’s parent company jumped 9.1%, and Apple’s stock increased by 3.8%, contributing to the S&P 500’s rise of 32.72 points, closing at 6,448.26 as investors reacted positively to the decision; Chris Marangi described the development as a favorable result that exceeded initial expectations.
- The combination of eased regulatory pressure and expectations of lower rates suggests potential support for tech stocks and the broader economy amid concerns over a slowing job market.
27 Articles
27 Articles
Wall Street steadies as Alphabet rallies, pressure eases from bond market
NEW YORK — Wall Street steadied Wednesday after Alphabet and other technology stocks rallied. It also got some relief from easing pressure from the bond market, where the latest discouraging report on the U.S. job market bolstered expectations that the…
Idaho Press
World shares are higher after Wall Street steadies itself as Alphabet rallies
World shares are mostly higher after a rally of technology stocks steadied Wall Street and a slide in the dollar made Asian assets more attractive. U.S. futures were mixed while oil prices were lower. The S&P 500 added 0.5% Wednesday…
Asian shares are higher after Wall Street steadies itself as Alphabet rallies
MANILA, Philippines (AP) — Shares in Asia mostly traded higher Thursday after a rally of technology stocks steadied Wall Street and a slide in the dollar made Asian assets more attractive. U.S. futures were mixed while oil prices were lower. Japan’s Nikkei 225 jumped 1.5% to 42,576.37 while Australia’s S&P/ASX 200 added 1% to 8,828.30. South Korea’s Kospi rose 0.1% to 3,188.52. Taiwan Taiex climbed 0.3% while India’s BSE Sensex added 0.5%. The C…
Wall Street steadies itself as Alphabet rallies and pressure eases
NEW YORK (AP) — Wall Street steadied on Wednesday after Alphabet and other technology stocks rallied. It also got some relief from easing pressure from the bond market, where the latest discouraging report on the U.S. job market bolstered expectations…
Alphabet, Macy's Jump as Pressure on Market Eases
Wall Street steadied itself Wednesday after Alphabet and other technology stocks rose. The S&P 500 rose 32.72 points, or 0.5%, to 6,448.26, breaking the two-day losing skid it's been on since setting its latest all-time high. The Dow Jones Industrial Average fell 24.58 points, or...
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