Market Turbulence: Investors Eye Fed Minutes and Alphabet's Slide

U.S. stock markets rose despite potential DOJ action against Google-parent Alphabet, which led its shares down by 1.8%. Investors are keenly anticipating the Federal Reserve's upcoming minutes for insights into economic policy. Meanwhile, Boeing shares fell after halted union talks, and U.S.-listed Chinese stocks also dropped.

In a day of volatile trading, major U.S. stock indexes climbed as markets awaited the release of the Federal Reserve's latest meeting minutes, which may offer clues about future interest rate adjustments. Investors are speculating on potential Fed moves, especially given recent indications of economic policy easing.

Alphabet, Google's parent company, saw its shares dip by 1.8% following news that the U.S. Department of Justice might pursue a breakup of the tech giant. This development overshadowed broader market gains. The company's stock performance is being closely watched as DOJ considerations could reshape its business operations significantly.

Amid this financial landscape, Boeing experienced a 2.6% drop after critical union discussions stalled, while shares of Arcadium Lithium soared following Rio Tinto's acquisition announcement. Investors remain cautious as geopolitical tensions in the Middle East and the potential impact of Hurricane Milton loom large.

(With inputs from agencies.)