Market Update: Stocks Edge Up, Biotech Firm Enveda Reaches Unicorn Status
AI-Generated Summary
Stocks were fractionally higher Thursday morning, following a half-percentage point rise in the S&P 500 on Wednesday, fueled by Big Tech gains. Economic forecasts anticipate 75,000 private sector jobs added last month and a slight increase in August unemployment to 4.3%. Separately, clinical-stage biotech company Enveda announced it has achieved unicorn status, now valued over a billion dollars after its latest funding round.
In a nutshell
This update offers a concise look at current market dynamics, combining general stock performance with key economic indicators and a notable success story from the biotech sector. While market sentiment shows slight gains, the upcoming economic reports, particularly non-farm payrolls, will be crucial in shaping the broader financial outlook.
Source: The Manila Times
