US Stock Market Edges Higher Amid AI Earnings and Labor Data

The US stock market rose on Tuesday, with the S&P 500 gaining 0.14%, driven by strong AI earnings and resilient labor data, according to BeInCrypto. Hewlett Packard Enterprise reported a significant earnings beat, and Marvell Technology received a high-profile endorsement, boosting semiconductor stocks. Broadcom and Qualcomm saw notable gains, contributing to the market's upward movement. Meanwhile, April's job openings surged to 7.62 million, surpassing expectations and signaling a robust labor market. However, geopolitical tensions with Iran, which ended talks with the US and threatened to block the Strait of Hormuz, tempered broader market gains.