Table of Contents

• US Stocks

• Google

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Economy & Finance

US Stocks

The S&P 500 and Dow Jones Industrial Average both reached record highs on Wednesday, led by gains in technology stocks like Amazon and Apple. The S&P 500 closed up 0.71% at 5,792.04, while the Dow jumped 431.63 points, or 1.03%, to end at 42,512.00. Despite ongoing geopolitical concerns, investors remained optimistic, spurred by the Federal Reserve’s recent rate cut and expectations for a soft landing for the economy. Wall Street showed resilience even amid global issues, including challenges in China’s stock market. Additionally, markets are closely watching upcoming inflation data and the start of earnings season with major banks set to report.

Technology

Google

The U.S. government may push Google to separate key parts of its business, such as Chrome and Android, to curb its alleged monopoly in online search, following a recent legal victory against the tech giant. The Department of Justice has outlined potential remedies aimed at limiting Google's influence on search and AI, including possibly making Google’s AI data accessible to rivals. Additionally, Google may face restrictions on paying for default search engine placement on devices, a strategy that earned it $26.3 billion in 2021. Google plans to appeal, describing these measures as overly broad and damaging to the industry. The Justice Department will detail its final proposal in November, and Google will respond in December.

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