US stocks experienced volatility on Wednesday following the announcement of Google’s acquittal in a major antitrust case, while investors await labor market data to determine the potential path of interest rate cuts.

US stock performance varied on Wednesday after Google escaped the worst in an antitrust ruling, as Wall Street awaits new labor market updates to guide bets on interest rate cuts.

The S&P 500 index rose by 0.35%. The Dow Jones Industrial Average fell by 0.36%, while the Nasdaq Composite increased by 0.96%.

Shares of Google’s parent company jumped 8% after a federal court ruled on Tuesday that Google could keep its Chrome browser but would not be allowed to make exclusive search deals and must share its search data. This decision avoided the worst-case scenario for the tech giant and largely relied on the idea that artificial intelligence has provided consumers with broader options.

This ruling also means Apple can continue preloading Google Search on iPhones, a profitable arrangement for Apple. The company, which is also facing its own antitrust case, saw its shares rise by 2%.

September trading started off weak, with stocks losing momentum during Tuesday’s session. All three major US indexes ended the session down as investors took profits from summer gains.

Tuesday also saw a sharp rise in bond yields as traders assessed the implications of a federal appeals court ruling issued last Friday, which declared many of the global tariffs imposed by President Donald Trump illegal. This ruling could force the US to refund billions collected from trade tariffs.

September is typically a weak month for US stock performance. Scott Wren, chief global market strategist at Wells Fargo Investment Institute, stated that September has been the worst month for the S&P 500 since 1950, with an average return of -0.7%.

Investors await the August jobs report, scheduled for release on Friday, as the next key test for stocks.