S&P 500 rose to the closure of Wall Street On Wednesday (3.9.25), reinforced by technology shares following a federal court ruling in an Alphabet. The antitrust case has fueled optimism that technological giants would be able to face regulatory threats.
Specifically in the closure of Wall Street, the technologically heavy Nasdaq Composite won 1.03% by closing the day at 21,497.73 points, while the S&P 500 rose 0.51%, finishing at 6,448.26 points. The Dow Jones industrial index lagged, down 24.58 points or 0.05%, and stood at 45,271.23.
Google’s parent company shares rose 9.1% after a federal judge decided on Tuesday that Google can maintain the Chrome browser, but will not be allowed to conclude exclusive search deals and should share search data. The decision avoided the worst possible result for the technological giant and was largely based on the idea that artificial intelligence has provided more options to consumers.
“This was clearly a clearing event for Googl’s shares and we continue to like the stock,” said Mark Mahaney, Head of Evercore Isi’s internet, on CNBC’s Squawk On the Street. “This detachment is behind us. Now, you can focus on fundamental sizes and the valuation, I think, is still extremely attractive. “
The decision also means that Apple can continue to preload Google on its iPhones, which is an profitable deal for Apple. The company, which also faces its own case against the monopoly, saw its stock rise by 3.8%.
Wednesday’s recovery was mainly guided by technology, so this and the least Dow Jones -focused on technology was lower. Energy and banking shares were weak, as concerns about slowing the economy and rising bond yields remained.