US stocks popped on Wednesday as the risk of a Google breakup prompted a pause for thought in the wait for more Federal Reserve clues to the chances of a “soft landing.”

The Nasdaq Composite (^IXIC) pared earlier losses to rise about 0.1% while the S&P 500 (^GSPC) added about 0.2%. The Dow Jones Industrial Average (^DJI) added about 0.4%, or more than 150 points.

Stocks have whipsawed this week amid intense debate over the state of the economy now the Fed has finally eased up on policy. Its decision to cut by a jumbo 50 basis points raised concerns it might see risks the market could not. That has investors wondering about a “no landing,” where the economy keeps growing and inflation risks once again emerge.

Minutes from the Fed’s September meeting, due later on Wednesday, will be scoured for clues — especially as to why one policymaker dissented on the size of the cut.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards

Meanwhile, investors are absorbing news that the DOJ is considering asking a judge to force Google to sell off key businesses to remedy its monopoly position. Shares of owner Alphabet (GOOG) slipped in early trading, after rising in a broader tech rebound that fueled Tuesday’s solid gains.

Live6 updates

  • WeightWatchers stock keeps soaring

    WW International (WW) stock has risen more than 2% today, extending its gains from Tuesday after the company announced after the company announced it’s adding a compounded GLP-1 prescription weight loss offering.

    The stock is now up more than 80% over the past five days.

  • Fed’s Logan supports ‘gradual’ rate reductions following initial cut

    Dallas Fed President Lorie Logan said Wednesday she would support lowering rates more gradually as the central bank moves forward.

    “A more gradual path back to a normal policy stance will likely be appropriate from here to best balance the risks to our dual-mandate goals,” Logan said in a speech in Houston.

    Read more here.

  • DOJ’s Google breakup remedy puts tech world on notice

    New developments in the US Justice Department’s battle with Google (GOOG, GOOGL) sent shockwaves through the tech world on Wednesday.

    Yahoo Finance’s Alexis Keenan reports:

    The US Justice Department said in a new court filing that it may recommend a break up of Google (GOOG, GOOGL) as an antidote to unhealthy competition in the search engine market, showing just how far Washington is willing to go to rein in Big Tech.

    DOJ lawyers used a 32-page document to outline a framework of options for DC District Court Judge Amit Mehta to consider, including “behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search.”

    Google in a blog post said that “DOJ’s radical and sweeping proposals risk hurting consumers, businesses, and developers.”

    Read more here.

  • Stocks little changed at the open

    US stocks stalled on Wednesday as the risk of a Google breakup prompted a pause for thought in the wait for more Federal Reserve clues to the chances of a “soft landing.”

    The Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) slipped just below the flat line, while the Dow Jones Industrial Average (^DJI) dropped just more than 0.1%.

  • TSMC Q3 sales jump 40%, countering fears of a slowdown in AI spend

    Taiwan Semiconductor Manufacturing Co. (TSM) posted quarterly revenues of NT$759.7 billion ($23.6 billion) on Wednesday, beating the NT$748.3 billion expected in Bloomberg consensus estimates.

    US-listed stock in the Taiwanese company, which makes chips for Nvidia (NVDA) and Apple (AAPL), edged up 0.7% in premarket trading.

    Rival Samsung (005930.KS) fell nearly 2%.

    TSMC’s third quarter revenue is 40% higher than the prior year, and nearly 13% higher than the prior quarter. The results counter fears of a slowdown in AI spending, as companies continue to buy hardware to power generative artificial intelligence tools. TSMC releases its full report on third-quarter results on Oct. 17.

    Looking ahead, Wall Street analysts expect TSMC to report full year revenue of NT$2.8 trillion ($87.4 billion), a 30% increase from the prior year. Some 94% of analysts recommend buying the stock and expect its US-listing price to rise to $215 per share over the next 12 months. It closed Tuesday at $197.91 per share

  • Boeing withdraws contract proposal after union talks break down

    Boeing (BA) shares were set to open lower on Wednesday after negotiations with its machinist union broke down and the aircraft maker withdrew its contract proposal.

    Following a third round of bargaining talks that included two days of negotiations this week, Boeing’a COO Stephanie Pope told employees in an email that “further negotiations do not make sense at this point and our offer has been withdrawn.”

    Members of the International Association of Machinists and Aerospace Workers (IAM) have been on strike since Sept. 13 after voting down a tentative labor contract.

    The union said Boeing refused to propose any wage increases, vacation or sick leave accrual, and would not reinstate a benefit pension, among other issues.

    The labor talks breakdown occurred on the same day that rating agency S&P placed Boeing on CreditWatch, increasing the probability of a credit downgrade should the strike continue into the end of the year.

    Boeing shares were down more than 1% in premarket trading.

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