Overview

• Alphabet jumped about 8%–9% to a record and Apple rose roughly 3%–4% after a U.S. judge declined to force Google to sell Chrome and left its default-search payments, including billions to Apple, largely intact.
• The S&P 500 rose 0.5% and the Nasdaq 1% while the Dow slipped slightly, as easing Treasury yields put the 10-year around 4.21%–4.26% after a recent spike.
• July JOLTS openings fell to about 7.18 million, below forecasts, pushing CME FedWatch odds for a September rate cut to roughly 95%–97% and aligning with a Beige Book showing cautious hiring.
• Asian and Australian equities firmed following Wall Street’s stabilization, whereas Chinese markets lagged on signs of pending regulatory cooling measures.
• Earnings and guidance drove dispersion: Macy’s surged after raising its outlook, Dollar Tree sank on tariff-related cost warnings, and Campbell’s beat forecasts; energy shares fell alongside lower oil.