S&P 500, Nasdaq Rise, Led by Alphabet's Surge; Weak Jobs Data Spurs Rate-Cut Wagers

BY MT Newswires | ECONOMIC | 09/03/25 04:23 PM EDT

04:23 PM EDT, 09/03/2025 (MT Newswires) -- The S&P 500 and Nasdaq Composite rose after Alphabet (GOOG, GOOGL) shares jumped as the tech giant avoided a forced sale of its Chrome browser in an antitrust ruling, while weak jobs data bolstered bets for an interest-rate cut by the Federal Reserve.

* Job openings fell in July to 7.18 million, according to the Bureau of Labor Statistics, marking only the second time since the end of 2020 that listings fell below 7.2 million.

* October West Texas Intermediate crude oil fell $1.70 to settle at $63.89 per barrel, while November Brent crude, the global benchmark, was last seen down $1.60 to $67.54.

* Alphabet (GOOG, GOOGL) shares jumped 9%, the biggest gain on the S&P and Nasdaq Composite, after several analysts raised price targets following the federal court ruling on Tuesday.

* Dollar Tree (DLTR) shares fell 8.4% after fiscal Q3 earnings guidance disappointed investors.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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