Alphabet, Apple Fuel Tech Rebound, Gold Defies Gravity: What's Moving Markets Wednesday?

Author: Piero Cingari | September 03, 2025 02:09pm

Wall Street staged a tentative rebound on Wednesday after two straight sessions of heavy tech losses, as rallies in Alphabet Inc. (NASDAQ:AAPL) and Apple Inc. (NASDAQ:AAPL) helped restore confidence in the sector.

The Nasdaq 100 climbed nearly 1% by midday in New York, while the S&P 500 added 0.4%.

Shares of Alphabet jumped nearly 9% after a U.S. court issued long-awaited remedies in the DOJ antitrust case, which proved less severe than investors had feared. Apple gained about 3% as the ruling allows Google to continue paying for default search placement on iOS, preserving a lucrative revenue stream for the iPhone maker.

Gold extended its record-breaking rally, rising more than 1% to $3,570 an ounce — up 35% year-to-date and on track for its best year since 1978.

Treasury yields retreated, with a 7-basis-point drop across the curve after overnight 30-year yields briefly touched the 5% threshold. Weaker-than-expected data added to the move: July job openings fell to a 10-month low, underscoring a cooling labor market, while factory orders contracted sharply for a second consecutive month.

Oil prices slumped 2.5% to $64 a barrel, fully erasing Tuesday’s rally.

Bitcoin (CRYPTO: BTC) gained 1% to trade just above $112,000, heading for a third straight day of advances.

Wednesday’s Performance In Major US Indices, ETFs

Major Indices	Price	%chg
Nasdaq 100	23,431.69	0.9%
S&P 500	6,440.35	0.4%
Russell 2000	2,348.25	-0.2%
Dow Jones	45,132.92	-0.4%

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) rose 0.4% to $590.89.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) slipped 0.4% to $451.94.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rallied 0.9% to $570.05.
• The iShares Russell 2000 ETF (NYSE:IWM) dropped 0.1% to $233.61.
• The Communication Services Select Sector SPDR Fund (NYSE:XLC) outperformed, up 1.6%; the Energy Select Sector SPDR Fund (NYSE:XLE) lagged, down 1.6%.

S&P 500’s Top 5 Gainers

Stock Name	% Change
Alphabet Inc. (NASDAQ:GOOGL)	+9.14%
The Campbell's Company (NYSE:CPB)	+5.13%
Western Digital Corporation (NASDAQ:WDC)	+4.56%
Paramount Skydance Corporation (NASDAQ:PSKY)	+4.50%
Tesla Inc. (NASDAQ:TSLA)	+3.6%

S&P 500’s Worst 5 Losers

Stock Name	% Change
Dollar Tree, Inc. (NASDAQ:DLTR)	-7.95%
Intuitive Surgical, Inc. (NASDAQ:ISRG)	-6.32%
Revvity, Inc. (NYSE:RVTY)	-5.38%
Diamondback Energy, Inc. (NASDAQ:FANG)	-4.68%
APA Corporation (NASDAQ:APA)	-4.33%

Read Next:

• September’s Secret Weapon? The Dollar Index

Image created using artificial intelligence via Midjourney.

Posted In: $BTC AAPL APA CPB DIA DLTR FANG GOOGL ISRG IWM PSKY QQQ RVTY TSLA VOO WDC XLB XLC XLE XLV