12:34 PM EDT, 07/03/2025 (MT Newswires) -- US benchmark equity indexes are on track to close higher on Thursday after the US added 147,000 jobs in June, topping expectations.

The Dow Jones Industrial Average rose 0.7% at 44,811.23, the Nasdaq Composite advanced 1.1% to 20,613.27, and the S&P 500 gained 0.8% to 6,279.76. Technology led the gainers, while the materials sector was the lone decliner.

First Solar ( FSLR ) shares jumped 8.2%, the biggest gain on the S&P. Rivals Enphase Energy ( ENPH ) climbed 4.3%, SolarEdge ( SEDG ) gained 15% and Sunrun ( RUN ) jumped 16%.

Cadence Design Systems ( CDNS ) shares rose 5.3% and Synopsys ( SNPS ) gained 5.4%. The companies said that the US rescinded export restrictions on electronic design automation software to China.

EQT (EQT) shares fell 2.2% even after Wells Fargo and Tudor Pickering Holt raised their price targets on the stock.

The 10-year US Treasury yield rose 5.2 basis points to 4.34%, while the two-year rate increased 8.3 basis points to 3.88%.

August West Texas Intermediate crude oil fell 0.9% to $66.85 a barrel.