Strong US Jobs Data, Hawkish Fed Signals, & a Raging AI Rally

1. US ADP private payrolls for April exceeded expectations with 109,000 jobs added, indicating a still-robust labor market.
2. Federal Reserve officials (Musaleum & Mester) signaled that interest rates will likely remain steady for a while, with inflation risks becoming a primary concern again.
3. AI and semiconductor-related stocks, such as NVIDIA, AMD, and Super Micro, surged significantly, driving a broad rally in U.S. stock indices.