US stock indices rose on Wednesday following the release of important data, while the tech sector rebounded.

Earlier data showed the US private sector added 152 thousand new jobs in May, compared to the addition of 188 thousand new jobs in April, indicating a slowdown in the labor sector, and boosting hopes of Fed rate cuts this year.

The fuller US payrolls report will be released on Friday and will impact the pricing for future Fed rate cuts.

On trading, Dow Jones rose 0.1% as of 17:37 GMT, or 29 points to 38,740, while SP 500 rose 0.7%, or 36 points to 5328, as NASDAQ gained 1.3%, or 224 points to 17,081.