On May 14, 2026, the S&P 500 Index rose by 0.74%, the Dow Jones Industrial Average increased by 0.79%, and the Nasdaq 100 saw a gain of 0.78%. Notably, Cisco Systems’ shares jumped 13% following an upward revision of its full-year revenue forecast, contributing to new all-time highs for both the S&P 500 and Nasdaq 100. The U.S.-China summit in Beijing discussed easing tariffs, with both nations potentially identifying $30 billion in goods for reduced tariffs.
April retail sales in the U.S. increased by 0.5% month-over-month, matching forecasts, while initial jobless claims rose by 12,000 to 211,000, surpassing the expected 205,000. Additionally, April’s import price index (excluding petroleum) rose by 0.7% month-over-month, outperforming expectations of a 0.5% increase.
Despite the positive market trends, comments from Kansas City Fed President Jeff Schmid regarding inflation were bearish. The markets anticipate a 7% chance of a 25 basis point rate cut during the upcoming Federal Open Market Committee meeting on June 16-17. As earnings season progresses, 83% of S&P 500 companies reporting thus far have exceeded earnings estimates, projecting a 12% year-on-year increase in Q1 earnings.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
