The leading indexes on the New York Stock Exchange rose on Wednesday.
The broad S&P 500 index rose 0.4 percent, the Dow Jones industrial index went up 0.1 percent, while the technology-heavy Nasdaq composite index rose 0.6 percent.
Retail chain Target performed strongly. The share rose 11.2 percent after not only beating expectations but also raising its full-year forecast in connection with today's interim report.
Automotive giant Ford has announced that it is putting the brakes on its investment in electric cars. The share rose 1.6 percent.
During the day, a preliminary revision of employment data for the period April 2023-March 2024 was released. It turned out that 818,000 fewer jobs were created during the period than previously estimated.
How the labor market develops is seen as a heavily weighted factor in how the US central bank Federal Reserve (Fed) will act regarding future interest rate cuts, which in turn has high relevance for the stock market climate.
A large majority of members of Fed's monetary policy committee are open to cutting interest rates at the upcoming meeting in September if the data continues to develop as the Fed expects, according to the minutes from the latest interest rate meeting in July.
Investors are now waiting for Friday's speech by Fed Chairman Jerome Powell.
