NEW YORK (AP) — Wall Street is steadying on Wednesday as Alphabet and other technology stocks rise.
The S&P 500 added 0.3% and was on track to break its two-day losing streak since setting its latest all-time high . The Dow Jones Industrial Average was down 152 points, or 0.3%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.9% higher.
Google’s parent company climbed 7.9% and was one of the strongest forces lifting the market after avoiding some of the worst-case scenarios in its antitrust case. A federal judge on Tuesday ordered a shake-up of Google’s search engine but did not force a sale of its Chrome browser.
Because Alphabet is one of Wall Street’s most valuable companies, its stock movements carry more weight on the S&P 500 and other indexes than the typic