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  • 5 months ago
MarketWatch provides a comprehensive overview of the S&P 500 Index, covering the latest stock market news, trading data, and market movement analysis, with stocks categorized by sector and industry to help investors understand performance trends and market capitalization strength.
Transcript
00:00The Nasdaq rose 1% and the S&P 500 also ended higher on Wednesday as Alphabet jumped after a U.S. judge ruled against breaking up the Google parent
00:09and as investors were optimistic that the Federal Reserve would cut interest rates this month.
00:15The Dow finished slightly lower with shares of bowing down 2.1%.
00:19Alphabet and Apple gave the S&P 500 and Nasdaq their biggest boost.
00:23Let's go in-depth with the recent updates on Apple and Google.
00:26As we can see from the S&P 500 website here, we're going to take a look at the U.S. market
00:32and every stock categorized by sector in the industry, we can see the size represents all the market cap.
00:39We're going to start with Apple also. Apple as of this morning is up by 3.81%.
00:45As we can see, the update for Apple as of this morning is greener than most of the other sectors within the S&P 500 currently.
00:53And for the Apple, we can say that it's not only Apple, but also Google is also up by 9.02%,
01:01almost achieving two growth digits as of 4th September.
01:05And the latest and the recent updates about Google and Apple is Google won't have to sell its Chrome browser,
01:11a judge in Washington state on Tuesday, handing a rare with two big tech in its battle with U.S. antitrust enforcers,
01:18by ordering Google to share data with rivals to open up competition in online search.
01:23Google parent Alphabet's shares were up to 7.2% in extended trading on Tuesday as investors share the judge ruling,
01:31which also allows Google to keep making lucrative payments to Apple that antitrust enforcers said flows out search rivals.
01:38Apple's shares rose 3%.
01:40Make sense of the latest ESG trends affecting companies and governments, U.S. district judge.
01:45Amit Mehta also ruled Google could keep its Android operating system,
01:50which together with Chrome helped drive Google's market-dominating online advertising business.
01:56The ruling results from a five-year legal battle between one of the world's most profitable companies
02:01and the U.S. were where antitrust regulators and lawmakers have long questioned big tech's market domination.
02:08Mehta ruled last year that Google holds an illegal monopoly in online search and related advertising.
02:15But the judge approached the job of imposing remedies on Google with humility, he wrote,
02:20pointing to competition created by artificial intelligence companies since the case began.
02:25Google faces a major threat from increasingly popular AI tools, including OpenAI's popular ChatGBT chatbox,
02:32which are already eroding Google's dominance.
02:35If allowed to access the data Google is required to share, AI companies could bolster their developments in chatbox,
02:42and in some cases, AI search engines and web browser.
02:47And as of this morning, we can see this is the recent updates about Google and Apple as of this morning.
02:52And we're going to move on to semiconductor updates, especially NVIDIA.
02:56First came the theft, then the epic PowerPoint fail.
03:00A software engineer stole confidential source codes,
03:04jumped ship to chip-making giant NVIDIA,
03:06and then accidentally shared the documents on a video call with his former colleagues.
03:11The theft and blundered led the man's prior employer, Global Automotive Tax Supplier Value,
03:17to file a trade secrets lawsuit against NVIDIA.
03:19Now, a federal judge in San Jose, California, has greenlit the case for a trial in November ruling
03:28that the jury must decide whether the chipmaker benefited from the pilfered information.
03:34Trade secrets have been called the lifeblood of Silicon Valley,
03:37and the case raises a thorny intellectual property question.
03:40Can NVIDIA, which claims it didn't want or use any of the stolen information,
03:45still be held liable for the rogue employee's misappropriation,
03:48and that is the recent updates of NVIDIA.
03:51And as of the morning, we can see NVIDIA is down by 0.09%.
03:57And the next update for one of the biggest companies within the software infrastructure is Microsoft.
04:02It's up a little bit by 0.05%,
04:05and Microsoft has agreed to give U.S. agencies a discount on its cloud services.
04:10The General Services Administration said Tuesday as part of the administration's push to sign deals
04:16with tech companies for departments across the executive branch.
04:20The deal will save the U.S. government up to $3 billion in the first year, according to GSA and Microsoft.
04:26Reuters could not immediately verify that figure.
04:29As part of the agreement, the company will offer free access to Microsoft Co-Pilot,
04:34its generative AI chat box, to existing federal government users, according to the company.
04:39Agencies can also get lower prices on cloud products such as Microsoft, Sentinel, and Azure Monitoring.
04:47And that is the recent update for some of the companies within the U.S. market.
04:51And we have more updates, especially on the World Economic Forum,
04:55as we are catching what are top stories of the weeks right after this break.
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