Overview

• Alphabet shares reached an all-time high and helped pull major indexes higher, with Apple also gaining on relief over continued search-placement payments.
• U.S. District Judge Amit Mehta declined to force a sale of Chrome and instead ordered changes such as data sharing and an end to exclusive search contracts.
• Softer July job openings increased market odds of a September Federal Reserve rate cut, while the 10-year Treasury yield hovered near 4.26%.
• TSMC said the U.S. ended 'validated end user' status for its Nanjing facility effective Dec. 31, meaning future equipment shipments will need approvals, with similar actions for Samsung and SK Hynix.
• Macy’s topped quarterly estimates, raised its full-year outlook, and its stock surged on the results.