Cisco Leads Wall Street Toward More Records and the Dow Back to 50,000
Cisco’s better-than-expected earnings and AI-related orders helped push the 30-stock average back above 50,000, with Nvidia and UnitedHealth also advancing.
- The Dow Jones Industrial Average climbed back to 50,000 on Thursday for the first time since early February, driven by strong earnings reports from major U.S. companies in the first quarter of 2026.
- Most stocks leading the Dow's comeback are tied to artificial intelligence in some capacity, as Big Tech behemoths pour cash into AI-related technology and demand for AI-driven products remains strong.
- Cisco Systems jumped 16.9% after reporting better-than-expected profit and revenue; CEO Chuck Robbins said it saw "very strong, broad-based demand for our products." Nvidia gained 20% since early February, while Caterpillar rose 22% tied to AI data center buildout.
- Beyond AI-driven gains, UnitedHealth surged 47% on strong earnings and guidance, powering the Dow's return above 50,000. The S&P 500 added 0.3% to an all-time high, while The Nasdaq also advanced.
- Optimism persists despite mixed economic signals: retail spending slowed last month and unemployment claims rose last week. Brent crude oil fell 0.7% to $104.86 Thursday, while 10-year Treasury yields eased to 4.44% from 4.46% late Wednesday.
61 Articles
61 Articles
Sydney Morning Herald
ASX set to rise as Wall Street climbs; Boeing falls as China plane order disappoints
The US stock market is rising toward more records after Cisco Systems joined the parade of US companies reporting fatter profits for the start of 2026 than analysts expected.
S&P 500 Tops 7,500, Dow Hits 50,000 As Cisco, Nvidia Fuel AI Rally - Albemarle (NYSE:ALB), AppLovin (NASD
U.S. stocks pushed to fresh records Thursday as Cisco's earnings beat and Nvidia's China chip win supercharged the tech tape, with the Dow briefly piercing 50,000.
KSN News Wichita
Cisco leads Wall Street to more records and the Dow back above 50,000
NEW YORK (AP) — The U.S. stock market is rising toward more records after Cisco Systems and others joined the parade of U.S. companies reporting fatter profits for the start of 2026 than analysts e…
The Columbian
Cisco leads Wall Street toward more records and the Dow back near 50,000
NEW YORK — The U.S. stock market is rising toward more records Thursday after Cisco Systems and others joined the parade of U.S. companies reporting fatter profits for the start of 2026 than analysts expected. Read more...
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