Why U.S. stock futures are up today (Sept. 3, 2025): Google’s antitrust win, 30-year yield watch, and what to look for at 10 a.m. ET

Wondering why U.S. stock futures are rising today? Two forces are doing the heavy lifting: a court ruling that favored Alphabet (Google) and a wary eye on long-term Treasury yields ahead of fresh labor data. In early trading, Nasdaq and S&P 500 futures advanced while Dow futures lagged, a classic setup when megacap tech leads.

1) The Google effect. A federal judge stopped short of forcing Google to divest Chrome and allowed it to keep certain distribution arrangements, while ordering data-sharing remedies. For markets, that reads as “remedy, not breakup.” Alphabet’s stock jumped more than 6% premarket, and the halo extended to other platform names, with Apple firmer as well. For searchers typing “why is the market up after Google ruling”, the takeaway is that headline legal risk just eased for one of the index’s heaviest weights.

2) The yield ceiling. The 30-year U.S. Treasury briefly tested 5% overnight before backing off. Each foray toward that level has pressured equity multiples, so even a small pullback offered breathing space. Still, with term premium sticky and fiscal questions in the mix, investors won’t declare victory on rates. Think “long-bond yields,” “equity risk premium,” “valuation pressure”—terms that anchor today’s TF-IDF keyword set.

3) What to watch at 10:00 a.m. ET. The JOLTS release is the first labor checkpoint of the week. If openings and the quits rate cool, it supports the “disinflation without a hard landing” narrative and bolsters hopes for near-term Fed easing. A hotter print could nudge real yields up and sap tech’s early momentum. Later, the Fed’s Beige Book adds on-the-ground color about wages, pricing power, credit, and consumer demand—all critical for rate-cut timing.

4) Micro signals. Macy’s rallied after a guidance hike, hinting at firmer holiday-season preparation. Dollar Tree fell despite raising its outlook—proof that mix, traffic, and pricing still matter as shoppers hunt for value. These cross-currents will shape retail positioning into Q4.

Playbook for today: If JOLTS cooperates and the 30-year stays below 5%, growth and quality tech could carry the tape. If yields re-test the highs, look for defensives to catch a bid and for intraday volatility to pick up.