Nasdaq Climbs as U.S. Stocks Rise; Private Sector Adds 152,000 Jobs in May

The U.S. stock market witnessed an uplift in the latest trading session, with the Nasdaq Composite leading the way, soaring approximately 100 points on Wednesday morning. This positive momentum was echoed by other major benchmarks, with the Dow Jones Industrial Average seeing a modest increase of 0.10% reaching 38,749.21, while the broader S&P 500 index also edged higher, gaining 0.32% to hit 5,308.21.

Market Boost Amidst Employment Data

Investors responded optimistically to employment data indicating that the U.S. private sector added 152,000 jobs in May. This employment growth signals continuing strength in the job market, appeasing concerns about economic stability and potentially influencing future Federal Reserve policy decisions.

Spotlight on Stock Performers

During the trading session, a variety of stocks captured investors' interest. Among them, Actelis Networks ASNS, a biopharmaceutical company focusing on monoclonal antibody immunotherapies for infectious diseases, headquartered in Waltham, Massachusetts, was in focus. Other stocks drawing attention included Nobilis Health Corp. HLTH, based in Houston, Texas; ENDRA Life Sciences Inc. NDRA, a developer of clinical diagnostic ultrasound technology from Ann Arbor, Michigan; S&P Global Inc. SPGI, known for its financial information and analytics, based in New York City; MicroAlgo Inc. MLGO, an algorithm solution provider for various industries located in Shenzhen, China; and NUVVE Corporation NVVE, a company developing vehicle-to-network software technology from San Diego, California.

Nasdaq, DowJones, SP500