S&P 500 Rises Past 7,500
2026-05-14 16:38
By
Andre Joaquim
1 min. read
US equities rose further on Thursday as gains in artificial intelligence infrastructure companies continued to offset macroeconomic headwinds.
The S&P 500 jumped 0.8% to cross 7,500 for the first time, while the Nasdaq advanced past 29,500 and the Dow crossed 50,000.
The bullish guidances by AI companies supported the broader market through high energy prices from the blockade in the Persian Gulf and hawkish outlook for the Fed, lastly consolidated by the 0.5% increase in the control group of retail sales.
Cisco jumped 15% after posting strong earnings and forecasts, while signaling 4,000 jobs to be cut on improved productivity.
Meanwhile, Nvidia jumped 4.5% 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.