Stocks Rise as Tech Sector and Retail Sales Drive Gains
The S&P 500 and Nasdaq 100 hit new all-time highs on May 14, driven by strong performance in the technology sector. Cisco Systems surged over 17% after raising its full-year forecast. Positive economic data including solid retail sales and low jobless claims also supported market gains.
Topics: Cisco Systems Dow Jones Nasdaq 100 retail sales S&P 500 US-China relations