Kla Corporation shares rise 2.89% intraday as S&P 500 edges up at open.

Kla Corporation rose 2.89% during intraday trading. The stock's movement aligns with the broader market sentiment as the S&P 500 edged up at the open. The market's positive outlook may be influenced by the upcoming Senate hearing to confirm Stephen Miran as a Fed governor, which could impact the Federal Reserve's policies. Additionally, the ADP private-employment report indicated that the U.S. added 54,000 jobs last month, which is fewer than expected, potentially influencing the Fed's next rate move.