Overview

• Alphabet jumped roughly 8% and Apple rose 2%–4% after a judge rejected the government’s toughest antitrust remedies against Google, preserving lucrative search distribution deals.
• The S&P 500 rose 0.5% and the Nasdaq gained 1.0% while the Dow slipped 0.1%, snapping a two‑day slide for major indexes, according to closing data.
• U.S. job openings fell to about 7.18 million in July, and futures markets priced a high probability of a September Fed cut as the 10‑year Treasury yield eased to around 4.26%.
• The rebound followed a sharp sell‑off the prior session when rising long‑term bond yields pressured equities and legal uncertainty over tariffs reemerged after an appeals court found Trump exceeded his authority but left tariffs in place pending appeals.
• High‑beta and AI‑linked stocks remained under pressure over the two sessions, with a Morgan Stanley basket down about 5.5% and selected names seeing additional declines tied to insider and large‑holder selling.