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Cisco Leads Market Surge, S&P Hits New High
Description
U.S. stocks soared to new heights Thursday, with Cisco Systems impressive earnings report driving the surge. The S&P 500 and Dow Jones Industrial Average reached all-time highs, while the Nasdaq and Russell 2000 also posted gains. AI and tech stocks led the rally, with Cisco attributing its success to strong demand from AI customers. Despite steady oil prices, investors remained optimistic, pushing the S&P 500 up 1.4% for the week and 9.6% year-to-date. The market momentum is expected to continue into the weekend, with more earnings reports on the horizon.
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