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Dow Reclaims 50000 as U S China Summit and Nvidia Chip News Ignite Wall Street Rally
Economy
Published on 14 May 2026
Cisco’s jump singlehandedly shoved the Dow back past 50,000
U.S. stocks surged Thursday as the Dow Jones reclaimed the 50,000 level, with the S&P 500 and Nasdaq hitting fresh records. The rally was driven by a mix of renewed optimism from a high-stakes Trump Xi summit in Beijing and a sharp earnings and chip-related boost in major tech names. Cisco’s results and guidance, plus Nvidia’s 4.2% rally after U.S. export approvals for H200 chip buyers, helped propel the market higher. Investors also monitored inflation and oil-linked risks.
- Dow Jones rose 262 points, or 0.53%, early Thursday
- Cisco added outsized Dow impact after soaring to $116.40
- S&P 500 climbed 0.63% to 7,491 while Nasdaq gained 0.75%
- Nvidia jumped 4.2% after reports the U.S. cleared ~10 firms
- Summit signals included keeping the Strait of Hormuz open
- Markets weighed earnings strength against inflation fears and rising oil
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times