{"id":52605,"date":"2025-09-02T16:38:30","date_gmt":"2025-09-02T20:38:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/google-spared-android-chrome-divestiture-as-alphabet-soars-broader-market-slips-amid-rate-concerns\/52605\/"},"modified":"2025-09-02T16:38:30","modified_gmt":"2025-09-02T20:38:30","slug":"google-spared-android-chrome-divestiture-as-alphabet-soars-broader-market-slips-amid-rate-concerns","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/google-spared-android-chrome-divestiture-as-alphabet-soars-broader-market-slips-amid-rate-concerns\/52605\/","title":{"rendered":"Google Spared Android, Chrome Divestiture as Alphabet Soars; Broader Market Slips Amid Rate Concerns"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>) shares surged 6.2%<\/strong> after a US judge ruled the tech giant is <em>not<\/em> required to divest its <strong>Android OS<\/strong> or <strong>Chrome<\/strong> browser, nor cease payments to partners like Apple for preloading services.<\/li>\n<li>Despite Google&#39;s gains, the broader market experienced a downturn, with the <strong>Nasdaq (<a href=\"\/stock\/IXIC\">IXIC<\/a>) falling 0.79%<\/strong>, the <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPX\">SPX<\/a>) down 0.73%<\/strong>, and the <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> (<a href=\"\/stock\/DJI\">DJI<\/a>) losing 0.59%<\/strong>, as <strong>30-year Treasury yields neared 5%<\/strong> and <em>overvaluation concerns<\/em> weighed on investors.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> hit a record high<\/strong> while the <strong>US dollar climbed<\/strong>, reflecting <em>investor caution<\/em> amidst sliding stocks and bonds, and ahead of crucial US labor data.<\/li>\n<li><strong>Etihad Airways<\/strong> plans to order more planes &quot;very soon&quot; and can <em>self-fund<\/em> <strong>$20 billion in capital expenditure<\/strong> over the next decade, focusing on organic growth, with no immediate plans for an IPO.<\/li>\n<\/ul>\n<p>A US judge has delivered a significant victory to <strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>, <a href=\"\/stock\/GOOG\">GOOG<\/a>)<\/strong>, ruling that the tech behemoth is <em>not<\/em> required to divest its <strong>Android operating system<\/strong> or the <strong>Chrome browser<\/strong>. This final judgment also permits Google to continue making payments to companies like Apple and others for preloading its products onto devices. The news sent <strong>Alphabet<\/strong> shares soaring by <strong>6.2%<\/strong>.<\/p>\n<p>While Google dodged a forced sale of its key products, the court did order the company to share information with competitors to address monopoly concerns. This ruling comes after a period of intense scrutiny over Google&#39;s market dominance in various sectors.<\/p>\n<p>The broader market, however, faced headwinds, with major indices closing lower. The <strong>Nasdaq (<a href=\"\/stock\/IXIC\">IXIC<\/a>)<\/strong> unofficially closed down <strong>168.73 points<\/strong>, or <strong>0.79%<\/strong>, at <strong>21,286.82<\/strong>. The <strong>S&amp;P 500 (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong> fell <strong>47.32 points<\/strong>, or <strong>0.73%<\/strong>, to <strong>6,412.94<\/strong>, and the <strong>Dow Jones Industrial Average (<a href=\"\/stock\/DJI\">DJI<\/a>)<\/strong> dropped <strong>269.82 points<\/strong>, or <strong>0.59%<\/strong>, ending at <strong>45,275.06<\/strong>.<\/p>\n<p>Investor sentiment was pressured by <strong>30-year Treasury yields nearing 5%<\/strong>, which contributed to a slide in both stocks and bonds. <em>Overvaluation concerns<\/em> and heavy corporate debt sales also weighed on the market, with the <strong>S&amp;P 500<\/strong> trading at <strong>22x forward earnings<\/strong>. Amidst this downturn, the <strong>US dollar climbed<\/strong>, and <strong>gold hit a record high<\/strong>, signaling a flight to safety among investors ahead of looming US labor data.<\/p>\n<p>In other corporate news, <strong>Etihad Airways&#39; CEO<\/strong> announced plans to order more planes &quot;very soon,&quot; though a <strong>Boeing 777X<\/strong> order is not anticipated until after <strong>2030<\/strong>. The airline is confident in its ability to <em>self-fund<\/em> <strong>$20 billion in capital expenditure<\/strong> over the next decade, prioritizing organic growth. The CEO also confirmed to Reuters that no timeline has been set for an initial public offering (IPO).<\/p>\n<p>Regulatory developments saw the <strong>US SEC<\/strong> and <strong>CFTC staff<\/strong> issue a joint statement regarding the trading of certain spot crypto asset products. Meanwhile, the <strong>US steel capacity utilization<\/strong> stood at <strong>78.1%<\/strong> in the week ended August 30, according to the <strong>American Iron and Steel Institute (AISI)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Alphabet (GOOGL, GOOG) shares surged 6.2% after a US judge ruled the tech giant is not required to 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