US Futures Extend Records
2026-05-14 11:22
By
Andre Joaquim
1 min. read
US equity futures were slightly higher on Thursday, extending their record highs as the earnings-fueled tech rally supported broader equity movements.
Contracts for the S&P 500 and the Nasdaq gained 0.3% to fresh records, while those for the Dow rose past 50,000 to approach its all-time high.
The increasingly ambitious forecasts by AI companies continued to support equities despite high energy prices from the blockade in the Persian Gulf and hawkish outlook for the Fed, consolidated by strong retail sales in April.
Cisco was 15% up premarket after posting strong earnings and forecasts, while signaling 4,000 jobs to be cut on improved productivity.
Meanwhile, Nvidia added 2% to extend its rally to 15% this month after the US cleared 10 cleared 10 Chinese firms for receiving H200 chips.
The announcement took place amid President Trump's and tech CEO's visit to Beijing, so far maintaining the de-escalatory rhetoric since their trade war peaked last year.