Stocks opened higher on Thursday as investors tracked AI enthusiasm and the U.S.-China summit.
The S&P 500 gained 0.3% to 7,466.33, the Nasdaq rose 0.2% to 26,456.07, and the Dow added 0.8% to 50,078.43.
The S&P and Nasdaq hit record highs on Wednesday. The U.S. cleared 10 Chinese firms to buy Nvidia's H200 chip. Nvidia CEO Jensen Huang joined President Trump in China.
Vital Knowledge analysts note chip stocks rose but software lagged. Deutsche Bank cited optimism around tech mega-caps.
Producer price index came in hotter than expected, but markets shrugged due to Iran war effects.
Retail sales rose 0.5% in April, matching estimates. Jobless claims increased to 211,000.
Trump called talks with Xi 'extremely positive.' Xi stressed partnership. No specifics were given.
Boeing shares rose on Chinese order hopes. Nvidia edged up premarket.
Oil prices were flat. Brent crude at $105.05. Inflation concerns persist.
The Senate confirmed Kevin Warsh as Fed chair, replacing Jerome Powell.
Cisco surged 16% on an AI restructuring plan, cutting 4,000 jobs.
