Top Stories Today

Economy & Finance

US Stocks

U.S. stocks rebounded on Tuesday, recouping some of the losses from the previous three sessions. The S&P 500 rose 1.5%, the Dow Jones Industrial Average increased by 431 points (1.1%), and the Nasdaq Composite climbed 1.5%. The market's recovery was broad, with all 11 sectors of the S&P 500 showing gains. Major tech stocks like Nvidia and Meta Platforms also saw significant rebounds. The positive sentiment was partly driven by a strong recovery in Japanese stocks, with the Nikkei 225 jumping 10.2%, its best day since October 2008. Despite recent volatility and concerns about economic fundamentals, analysts suggest the fears of a severe economic downturn may be exaggerated. The market remains cautious as traders continue to monitor the unwinding of the yen "carry trade" and other economic indicators.

Technology

Google

A U.S. judge ruled that Google violated antitrust laws by spending billions to establish an illegal monopoly as the world's default search engine. This decision marks a significant victory for federal authorities targeting Big Tech's market dominance. The ruling may lead to a second trial to determine corrective measures, potentially including breaking up Google's parent company, Alphabet. The case, initiated by the Trump administration, claims Google paid $26.3 billion in 2021 to secure its search engine's default status on smartphones and browsers. Google plans to appeal, while U.S. Attorney General Merrick Garland and other officials praised the ruling as a win for fair competition.

Thanks for reading, subscribe to The Standard Lens for more.