The U.S. stock market in New York started mixed on the 3rd (local time), with the Standard & Poor's (S&P) 500 index and Nasdaq rising on the news that Google's parent company Alphabet avoided sanctions in an antitrust lawsuit.
According to U.S. economic media CNBC, as of 10:02 a.m. Eastern time on this day, the S&P 500 index on the New York Stock Exchange (NYSE) was up 21.67 points (0.34%) from the previous day, showing 6,437.21. The Nasdaq composite index was up 200.671 points (0.94%), reaching 21,480.301.
In contrast, the Dow Jones Industrial Average was down 183.84 points (0.41%), recording 45,111.97.
CNBC noted, "The previous day, a U.S. federal court ruled that Google could keep Chrome without selling it, causing the stock price of Google's parent company Alphabet to surge 8%."
Earlier, U.S. District Judge Amit Mehta ruled on the 2nd in a final ruling to dissolve Google's monopoly in the online search market, stating that while Google's dominance is partially illegal, selling Chrome and Android is unnecessary.
CNBC also analyzed that "the outcome of this lawsuit will reinforce optimism that large technology corporations can overcome regulatory threats."
In fact, the stock price of Apple, which is undergoing an antitrust lawsuit, has also risen to the 2% range on this day.
CNBC said, "Investors are now paying attention to the U.S. non-farm payroll report for August, which will be announced on the 5th." This result could determine whether there will be an interest rate cut in September.
Meanwhile, in the afternoon, the Federal Reserve (Fed) is expected to release the Beige Book, which evaluates economic conditions.
The Beige Book is an economic trends report that collects recent economic developments through banks, corporations, and experts in each region overseen by the 12 Federal Reserve Banks, and is typically released two weeks before the Federal Open Market Committee (FOMC) meeting.