Stock Market Update

03-Sep-25 08:24 ET

Futures point to higher open following Alphabet antitrust ruling

Market is Closed

[BRIEFING.COM] S&P futures vs fair value: +29.00. Nasdaq futures vs fair value: +165.00.

The S&P 500 futures currently trade 29 points above fair value.

A quiet morning of headlines is keeping the market's attention focused on the ruling in the Alphabet (GOOG 224.40, +12.41, +5.9%) antitrust case, which found that the company will not have to divest from its Chrome browser.

The search giant will be prohibited from signing exclusive contracts, but it may still pay Apple (AAPL 238.12, +8.40, +3.7%) to remain the default search engine on iPhones, according to CNBC.

CNBC reports that Bank of America raised its price target on Alphabet to $252 per share from $217 and raised its target on Apple to $260 from $250.

The news comes after a bumpy session for the mega-cap cohort, with shares of Alphabet sliding 0.7% and Apple falling 1.0% in yesterday's trade.