Dow Jones & S&P Rise, Nasdaq Slumps as Google Slides

Stock markets witnessed a positive trend today, with major indices climbing despite tech sector turbulence. The Dow Jones Industrial Average rose 377 points, or 0.92%, and the S&P 500 gained 0.42%. However, the Nasdaq lagged behind, hovering near flat, only slightly up by 0.07% after a sharp dip of 200 points earlier in the day. This decline was largely attributed to Google’s significant drop following news that Apple plans to prioritize AI-powered engines for its Safari browser. Notably, Google’s stock plummeted 8.11%. 8.11% decline is primarily linked to fear that this change could impact its substantial revenue from search advertising business.