Overview

• A federal judge rejected calls to break up Google and barred certain exclusivity deals but left default-search payments intact, sending Alphabet up 9.1% and Apple up 3.8%.
• The S&P 500 rose 0.51% and the Nasdaq 1.02% as the Dow slipped 0.05% at Wednesday’s close.
• July JOLTS openings fell to 7.181 million, reinforcing a cooling labor market and pushing FedWatch odds of a 25 bp September cut to about 95.6%.
• Mexico’s S&P/BMV IPC touched a first-ever 60,120.44 intraday before closing down 0.16% at 59,651.57 as investors weighed U.S. data and local policy and confidence readings.
• Communication services led U.S. gains on Alphabet’s surge, energy lagged, and Treasury yields eased with the 10-year near 4.22%.