Stocks Climb Amid Jobs Data and Powell's Anticipated Remarks
U.S. stocks rose on Wednesday as investors focused on labor market data and awaited remarks from Federal Reserve Chairman Jerome Powell, which could influence future rate cuts. The S&P 500 and Nasdaq reached new highs, driven by optimism about a business-friendly administration and AI investments. Meanwhile, UnitedHealthcare CEO Brian Thompson was tragically killed in a targeted attack, and GM shares fell due to a significant financial hit from its China joint venture. European markets were mixed, and Asian markets showed varied performance amid political tensions in South Korea.