Mumbai, Sept. 4 -- The tech-heavy Nasdaq jumped 218.10 points (1%) to 21,497.73 and the S&P 500 climbed 32.72 points (0.5%) to 6,448.26. The Dow posted a modest loss, edging down 24.58 points (0.1%) to 45,271.23.

Alphabet (GOOGL's parent) spiked by 9.1% due to which Nasdaq rebounded. Alphabet also rallied after a federal judge ruled the company will avoid the most severe consequences in a landmark antitrust case. U.S. District Judge Amit Mehta ruled Google will not be required to divest its Chrome browser nor a contingent divestiture of the Android operating system.

Apple (AAPL) jumped by 3.8%, as the decision allows the tech giant to continue to preload Google Search onto its iPhones. Labor Department released a report showing job open...