US stocks hit record highs on tech rally and China talks
Wall Street reached record highs Thursday as Nvidia and Cisco led a tech rally. Investors monitored Beijing trade talks while weighing risks from energy costs.
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The S&P 500 rose 0.77% to a record 7,501.64 on May 14 as tech gains offset geopolitical and inflation concerns. The Nasdaq Composite gained 0.88% to 26,635.83, marking its latest in a series of record closing highs. Investors are weighing high-stakes trade talks in Beijing against rising energy costs that threaten to delay Federal Reserve rate cuts.
