U.S. stock futures were trading mixed early Wednesday after a U.S. federal judge decided that Alphabet’s (GOOGL) Google will not be required to divest its Chrome browser. Traders also reacted to a federal appeals court ruling on Friday stating that most of President Trump’s global tariffs are illegal.
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Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.49% and 0.29%, respectively, while those on the Dow Jones Industrial Average (DJIA) were down 0.11% at 4:15 a.m. EST on September 3.
Following the antitrust ruling, GOOGL stock jumped over 7%, while AAPL stock rose over 4% in after-hours trading. Notably, the judge also ruled that Google can continue paying Apple (AAPL) and Samsung (SSNLF) for pre-loading the Safari browser, but cannot enter into “exclusive contracts” for default search.
During Tuesday’s regular trading session, all three major indexes finished in negative territory. The Dow Jones slipped 0.55%, the S&P 500 dropped 0.7%, and the Nasdaq Composite fell 0.8%.
On the economic front, investors are awaiting the release of the Job Openings and Labor Turnover Survey (JOLTS) and Factory Orders reports for July, both due today.
Meanwhile, traders are also watching for earnings reports from Salesforce (CRM), C3.ai (AI), Macy’s (M), Dollar Tree (DLTR), and Hewlett Packard Enterprise (HPE).
Meanwhile, the U.S. 10-year Treasury yield was up, floating near 4.29%. WTI crude oil futures were trending lower, hovering near $65.29 per barrel as of the last check. Additionally, the Gold Spot U.S.-dollar price increased to nearly $3,600 per ounce on Wednesday.
Elsewhere, European stocks opened higher on September 3, recovering from the steep losses recorded in the previous session. On Tuesday, a sharp sell-off in long-term European bonds had weighed heavily on equities.
Asia-Pacific Markets Traded Lower Today
Asia-Pacific markets traded mostly lower on Wednesday as investors reacted to a surge in global bond yields overnight and ongoing uncertainty surrounding trade tariffs.
Hong Kong’s Hang Seng index fell 0.64%. In China, the Shanghai Composite dropped 1.16%, and the Shenzhen Component declined 1.27%. Meanwhile, Japan’s Nikkei slipped 0.88%, and the Topix fell 1.07%.
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