Enphase Energy shares rise 7.83% intraday as S&P 500, Nasdaq hit record highs.

Enphase Energy, Inc. rose 7.83% intraday, with the broader market indices S&P 500 and Nasdaq hitting record highs after weak jobs data. This positive market sentiment, driven by expectations of interest rate cuts from the Federal Reserve and strong earnings from chip major Broadcom, likely contributed to the stock's upward movement.