US Stocks Rise, Private Sector Jobs Exceed Expectations

U.S. The US private sector added 109,000 jobs in April, surpassing expectations, according to data from human resources company ADP. The March figure was revised downward to 61,000 jobs added. This figure is higher than expected but represents a slowdown. The US initial rise in stock market indices was reported at 49,886.3 points, later adjusted to 49,886.4 points, an increase of 566 points. However, this represents a slowdown compared to March, when the increase was revised down to 61,000. The ADP National Employment Report indicated a slowdown in job growth compared to previous periods. The US S&P 500 index opened higher at 49,886.3 points, later adjusting to 49,886.4 points, a gain of 566 points. The Nasdaq Composite Index rose 67 points to 7,326.6 points. Hong Kong's business sentiment deteriorated in April, with the Purchasing Managers' Index (PMI) falling to 48.6 from 49.3 in March. According to ADP, US private sector employment increased by 109,000 in April, which was higher than expected. The US initial jobless claims stood at 49,886.3 points, slightly adjusted to 49,886.4 points.