(Reuters) -Futures tied to the S&P 500 and the Nasdaq rebounded on Wednesday with Alphabet leading gains in some megacap stocks, while Dow futures edged lower ahead of labor market data due to be released later in the day.

Google-parent Alphabet jumped 5.8% in premarket trading after a Washington judge ruled late on Tuesday that Google will not have to sell its Chrome browser, but will have to share data with rivals.

The judgment also allowed Google to continue lucrative payments to iPhone-maker Apple, which gained 2.8%.

“This outcome removes a significant legal overhang and signals that the court is willing to pursue pragmatic remedies rather than scorched-earth tactics,” said Matt Britzman, senior equity analyst, Hargreaves Lansdown.

“That’s a message the rest of Big Tech, many of wh

See Full Page