Tech Rally Lifts Global Stocks to Records as Dollar Gains
Global stocks hit records on Thursday as a tech rally led by Nvidia and Cisco offset geopolitical tensions. The dollar rose after data cooled rate cut hopes.
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Global equity markets rose on Thursday, May 14, as strong demand for technology shares pushed the S&P 500 and Nasdaq to record closes. The United States dollar climbed for a fourth session following retail data that tempered expectations for interest rate cuts. Investors are now pivoting to the outcome of a summit between the U.S. and China.
