US Non-Farm Payrolls Surpass Expectations, Boosting Market Optimism and Stocks like SNPS and CDNS Surge.

The US economy added 147,000 non-farm jobs in June, exceeding expectations and boosting market optimism. The S&P 500 rose 0.8% to 6,279, the Nasdaq increased 1% to 20,601, and the Dow Jones gained 0.8% to 44,828. Shares of Synopsys and Cadence Design Systems surged 5% after the US lifted export restrictions on chip design software to China. Large tech stocks like Nvidia and Meta performed well, while Tesla saw a minor decline.